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Revenue Recognition - ASC 606 Roundup: 5/18/2018

Posted by Graham Hulme on May 18, 2018 5:00:00 PM

This week’s roundup focuses on 10-Q’s submitted during the week of 5/14/18. 

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Part Three: Excel is Not Secure

Posted by KristenLawson on May 18, 2018 12:00:00 PM

 

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We know a path you don't want to go down...

Posted by Graham Hulme on May 18, 2018 12:00:00 PM

 

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Revenue Recognition - ASC 606 Roundup: 5/11/2018

Posted by Graham Hulme on May 11, 2018 3:49:59 PM

As companies assess their implementations of the ASC 606 standard, many are looking to the first adopters and in particular, their initial disclosures and subsequent comment letters from the SEC. In this special-topic blog series from SOFTRAX, we take a look at what can be learned from your peers related to ASC 606. We'll round up what's noteworthy and point you to it with our commentary, so that you can focus your time on using these takeaways to help your own organization navigate the components of ASC 606.

This week’s roundup focuses on 10-Q’s submitted during the week of 5/7/18. 

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Revenue Recognition ASC 606 Round-Up: 5-4-2018

Posted by Graham Hulme on May 4, 2018 4:29:29 PM

As companies assess their implementations of the ASC 606 standard, many are looking to the first adopters and in particular, their initial disclosures and subsequent comment letters from the SEC. In this special-topic blog series from SOFTRAX, we take a look at what can be learned from your peers related to ASC 606. We'll round up what's noteworthy and point you to it with our commentary, so that you can focus your time on using these takeaways to help your own organization navigate the components of ASC 606.

This week’s roundup focuses on half a dozen 10-Q filings that had solid ASC 606 information.

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Revenue Recognition ASC 606 Round-Up

Posted by Graham Hulme on Apr 27, 2018 4:00:00 PM

As companies assess their implementations of the ASC 606 standard, many are looking to the first adopters and in particular, their initial disclosures and subsequent comment letters from the SEC. In this new series from SOFTRAX, we take a look at what can be learned from your peers related to ASC 606. We'll round up what's noteworthy and point you to it with our commentary, so that you can focus your time on using these takeaways to help your own organization navigate the components of ASC 606.

This week’s round-up targets recent S-1, 10-Q, and 10-K filings for companies that included ASC 606 adoption details and impacts.

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Half Empty, Half Full

Posted by Graham Hulme on Apr 2, 2018 8:00:00 AM

On February 23, 2018, GE submitted its most Recent 10-K.  Beyond financial results, it revealed key details on GE’s assessment, implementation, and disclosures specific to ASC 606.

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The Vision of Contract Assets and Liabilities

Posted by KristenLawson on Apr 2, 2018 8:00:00 AM

I’ll say this once, say it twice, and then say it three times: the ultimate goal of the FASB’s Accounting Standards Update ASC 606, is to provide a more consistent and comprehensive view of financials on both the national and international platforms to the users of financial statements (meaning we, the people).

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ASC 606:  Are there “Get Out of Jail Free” cards?

Posted by Graham Hulme on Mar 1, 2018 8:00:00 AM

 Anyone who has played Monopoly knows that every player wants that "Get Out of Jail Free" card...In real life, though, there are no "Get Out of Jail Free" cards for those adopting ASC 606. 

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Part Two: Excel is Error Prone

Posted by kristen Lawson on Mar 1, 2018 8:00:00 AM

In January, we posted a blog outlining five important reasons why excel spreadsheets were not to be trusted for implementation of the ASC 606 guidelines. Today, we’ll expand on the first point, “Excel is error-prone”.

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