While the primary goal of every business owner is to increase revenues, the goal of the company's accountant is to ensure that the revenues are recognized, or recorded on the company's books in the ...

Another major issue in revenue accounting is when to recognize or record the revenue. A common practice is to record the revenue when we receive payment (cash) from the customer. This is referred to ...

Are you ready for revenue recognition? The clock's ticking and Brian Sommer provides you with an analysis of the things you need to know New revenue recognition accounting rules come into effect on ...

Investopedia contributors come from a range of backgrounds, and over 25 years there have been thousands of expert writers and editors who have contributed. Chip Stapleton is a Series 7 and Series 66 ...

The new revenue recognition standard and the explosion in online sales are prompting some retailers to change the time at which e-commerce revenue is recognized from customer delivery to shipping ...

With 18 months remaining until all companies are required to report revenue following hundreds of pages of new accounting guidance, accounting leaders are a little stumped on why companies aren’t ...

FASB issued an update Wednesday that delayed the effective dates of its revenue recognition and lease accounting standards for certain entities in response to the coronavirus pandemic. The board ...

In a recent webinar poll 1, approximately 5,400 participants spanning multiple industries and at varying job levels responded to questions on implementation readiness, anticipated challenges, and how ...

More than $118 billion in gift cards changed hands during 2013, according to CEB TowerGroup. This is great news for the many retailers that sell gift cards; the retailers receive cash upfront in ...

With the deadline looming for private companies to comply with the new revenue recognition standard, many companies are still in the assessment stage and have yet to start the actual implementation ...