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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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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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Is your company ready for the new revenue recognition exam?

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

Have you hit the snooze button one too many times on your revenue recognition alarm? It’s every student’s (or accountant’s) nightmare: before you know it, the term has ended, and one of the most important tests of the year (ASC 606 and IFRS 15: Revenue from Contracts with Customers), is here.  Your teacher will soon hand you the revenue recognition standard exam – but are you ready?

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