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Revenue Recognition - ASC 606 Roundup: 07/30/2018

Posted by Graham Hulme on Jul 31, 2018 9:00:00 AM

This week’s edition covers both relevant news articles as well as a recent comment letter/company’s response on ASC 606.

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Revenue Recognition - ASC 606 Roundup: 07/16/2018

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

This week’s edition covers both relevant news articles as well as a recent comment letter/company’s response on ASC 606.

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Will you have lost or vaporized revenue?

Posted by Graham Hulme on Jul 13, 2018 8:45:00 AM

Who cares what you call it?  Either way, it’s gone! 

 

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Revenue Recognition - ASC 606 Roundup: 07/10/2018

Posted by Graham Hulme on Jul 10, 2018 5:00:00 PM

This week’s edition covers both relevant news articles as well as a recent comment letter/company’s response on ASC 606.

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Part Five: Excel is not an Agile Business Tool

Posted by KristenLawson on Jul 10, 2018 10:14:20 AM

Beginning 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. Since then, we have extended that blog post into a series devoted to the topic of Excel, focusing each post to one of the five reasons. This month’s rally: “Excel is Not an Agile Business Tool”.  

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Revenue Recognition - ASC 606 Roundup: 07/02/2018

Posted by Graham Hulme on Jul 2, 2018 3:42:34 PM

This week’s edition covers both relevant news articles as well as a recent comment letter/company’s response on ASC 606.

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Will you take the letter “Q” or “K” for $650 million?

Posted by Graham Hulme on Jun 26, 2018 9:42:15 AM

Over the past months, we reviewed public companies’ filings to understand how they planned, implemented, and adopted ASC 606. As the ASC 606 adoption date has come and gone, and many companies are filing their first 10-Q’s under ASC 606, an important point to consider is the extent to which the SEC will do in-depth comparisons between a company’s 10-K filing before adopting ASC 606 and its 10-Q filing after adopting ASC 606. This specific point stood out when we were comparing Amazon’s 10-K filing, where Amazon stated its ASC 606 plan and expected impacts, to its recent 10-Q filing which was its first under ASC 606.

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Revenue Recognition - ASC 606 Roundup: 06/26/2018

Posted by Graham Hulme on Jun 25, 2018 4:17:07 PM

This week’s edition covers both relevant news articles as well as a recent comment letter/company’s response on ASC 606.

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Part Four: Excel is Not Intended for Sharing

Posted by KristenLawson on Jun 25, 2018 3:59:12 PM

Beginning 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. Since then, we have extended that blog post into a series devoted to the topic of Excel, focusing each post to one of the five reasons. This month’s rally: “Excel is Not Intended for Sharing”.

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Revenue Recognition - ASC 606 Roundup: 06/18/2018

Posted by Graham Hulme on Jun 18, 2018 5:14:04 PM

 This week’s edition pivots to a few recent articles that discuss ASC 606.  We’ll be back to focusing on SEC filings and comment letters soon, but wanted to change-up this week’s content as a value-add for our readers.

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