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The Impacts of Continuous Accounting and How to Support It

Posted by Graham Hulme on Nov 16, 2021 11:01:27 AM

Part two of the two-part blog series “The Future of Finance”

The goal of achieving a more strategic finance and accounting function in a corporation has led to the rise of Continuous Accounting. Catch up with part-one of this two-part blog series. The webinar, “The Future of Finance,” will be held on November 18th, to address the challenges behind this topic even further with specific steps that can be taken today to prepare your organization for the future. Register and save your spot for the free event today.

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What Is Continuous Accounting and What Are the Benefits?

Posted by Graham Hulme on Nov 3, 2021 11:59:14 AM

Continuous accounting is a key factor to achieving a more strategic finance and accounting function in a corporation. And yet, many accounting organizations have fallen back and are reporting an increased use of spreadsheets.  

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ASC 606 Effects on Cloud Computing Arrangements

Posted by Graham Hulme on Jul 26, 2021 2:18:54 PM

Common trends in SEC comment letters for the cloud computing industry and the connections to ASC 606 revenue recognition disclosure requirements. This article explores revenue recognition solutions for the cloud computing industry with revenue recognition software and billing management software.

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ASC 606 Impact on Construction Company Revenue Recognition

Posted by Graham Hulme on Jun 8, 2021 3:47:45 PM

Should revenue be recognized at a point in time or over time following the new revenue recognition standard for construction companies?

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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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Challenges of Applying New Revenue Recognition Rules

Posted by Julia Saad on Jan 11, 2016 10:30:30 AM

Application of ASC 606 is a major issue for businesses impacted by the new revenue recognition rules. Most companies seem to be generally familiar with the new revenue recognition standard; however, there are specific areas within the rules are vague. Many are left with wondering how the new revenue recognition rules will impact their business.  This causes major challenges and risks for any business that doesn't take the time to fully understand how ASC 606 and IFRS 15 affects their operations. 

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