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Author: Ashley Tolfo

Where are the Auditors

Where are the Auditors: ASC 606 and Recognizing Subscription Billing Revenue

Since ASC 606 and IFRS 15 have taken effect, auditors, particularly in the private sector, have had a soft touch in enforcing some of the most complex portions of the
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IoT, Billing, and Revenue Recognition

IoT, Billing, and Revenue Recognition

The Internet of Things (IoT) continues its exponential growth, with IoT Analytics estimating that the global number of connected IoT devices will grow by 16% this year, to 16.7 billion
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How to Manage the Contract Renewal Process

How to Manage the Contract Renewal Process

Accurately tracking the revenue stream throughout the contract renewal process is a prominent struggle for companies large and small. Without easy access to the appropriate data to understand new revenue,
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Understanding Variable Consideration Accounting and the Time Value of Money

Understanding Variable Consideration Accounting and the Time Value of Money

With the new revenue recognition standards upon us and adoption for public entities right around the corner, we’re finding that two aspects are tripping our clients and prospects up more
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Question When Should Revenue Be Recognized

Question: When Should Revenue Be Recognized?

Answer: When it’s not collectible (maybe). Historically it was always somewhat of a simple process to determine what was the amount of your company’s revenue. It was the top line
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The 5 Steps of Internal Controls for Revenue Recognition Standards

The 5 Steps of Internal Controls for Revenue Recognition Standards

The company Golden Bear Golf Inc. is named after legendary golfer Jack Nicklaus. Its fully owned subsidiary is Paragon, which builds golf courses. Paragon executives Boyd and Curbello artificially increased
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KPMG Guide on Revenue Recognition Disclosures

KPMG Guide on Revenue Recognition Disclosures

FASB significantly expanded disclosure requirements related to revenue recognition which are an important part of the new revenue recognition standard. The revenue disclosure significantly change to the way in which
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