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ASC 606 Revenue Recognition Impacts on Media and Entertainment Companies

Posted by Graham Hulme on Jun 15, 2021 4:46:39 PM

The new revenue recognition accounting standard update, ASC 606, issued by the Financial Accounting Standards Board (FASB) has caused significant disruption in the back office.  Adoption of the new standard will impact people, policies, processes, and systems.  For media and entertainment (M&E) entities that account for revenue under U.S. GAAP, it raises several accounting issues.

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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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Revenue Recognition - ASC 606 Roundup

Posted by Graham Hulme on May 20, 2019 8:30:00 AM

To quickly identify ASC 606 information in the below links, click on the link, hit Control + F, enter the text “606”, “2014-09”, or “ASC” and go to your search results.

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Revenue Recognition - ASC 606 Roundup: 5/13/2019

Posted by Graham Hulme on May 13, 2019 8:00:00 AM

To quickly identify ASC 606 information in the below links, click on the link, hit Control + F, enter the text “606”, “2014-09”, or “ASC” and go to your search results.

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Private Companies: Beware of SEC Scrutiny

Posted by Graham Hulme on May 1, 2019 6:30:00 AM

The Securities and Exchange Commission is bringing case after case charging private companies and their executives with fraud.

Read the full CFO Article here.

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Revenue Recognition - ASC 606 Roundup: 3/25/2019

Posted by Graham Hulme on Mar 25, 2019 9:50:00 AM

To quickly identify ASC 606 information in the below links, click on the link, hit Control + F, enter the text “606”, “2014-09”, or “ASC” and go to your search results.

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Revenue Recognition - ASC 606 Roundup: 3/20/2019

Posted by Graham Hulme on Mar 22, 2019 9:39:44 AM

To quickly identify ASC 606 information in the below links, click on the link, hit Control + F, enter the text “606”, “2014-09”, or “ASC” and go to your search results.

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Revenue Recognition - ASC 606 Roundup: 3/4/2019

Posted by Graham Hulme on Mar 4, 2019 9:00:00 AM

To quickly identify ASC 606 information in the below links, click on the link, hit Control + F, enter the text “606”, “2014-09”, or “ASC” and go to your search results.

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Revenue Recognition - ASC 606 Roundup: 2/18/2019

Posted by Graham Hulme on Feb 14, 2019 2:56:33 PM

To quickly identify ASC 606 information in the below links, click on the link, hit Control + F, enter the text “606”, “2014-09”, or “ASC” and go to your search results.

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Revenue Recognition - ASC 606 Roundup: 1/28/2019

Posted by Graham Hulme on Jan 31, 2019 10:00:18 AM

This week’s entry will run through recent notable and instructive 10-Q filings that had frequent references to ASC 606.  Additionally, we also share a number of earnings calls and notable articles.

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