Topics: Revenue Recognition

Preparing for Implementation of the New Revenue Recognition Standard

By: BDO Author

The deadline for implementation of ASU No. 2014-09, Revenue from Contracts with Customers (Topic 606), is right around the corner! With an effective date of Jan. 1, 2018, for calendar year

June 30th, 2017 | Government Contractors, Revenue Recognition

Revenue Recognition of Grants and Contracts by Nonprofits—Is it Time for a Change?

By: BDO Author

At its April 20, 2016 meeting, the Financial Accounting Standards Board (FASB) voted to add a project to its agenda to improve and clarify existing guidance on revenue recognition of

July 19th, 2016 | Nonprofits, Revenue Recognition

The FASB Delays Landmark Revenue Recognition Standard

By: Warren Averett

On July 9, 2015, the Financial Accounting Standards Board (FASB) officially deferred implementation of the landmark global revenue recognition accounting standard by one year. The International Accounting Standards Board (IASB)

July 13th, 2015 | Revenue Recognition

Five Key Things to Know about the New Revenue Recognition Standard

By: Warren Averett

In May 2014, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) No. 2014-09, Revenue from Contracts with Customers. This standard will impact all entities that have contracts

January 22nd, 2015 | Revenue Recognition