A&A Focus webcast featured a deep dive into step 4 of the five-step revenue recognition process outlined in FASB ASC Topic 606, as well as news on new auditing standards exposure drafts.

Under an accrual accounting system, the recognition of revenue is independent from when the cash is received. If cash or check is received at the time of providing the goods/services, then the revenue ...

News and in-depth features about tax, accounting, auditing, and other business topics. Published by the American Institute of CPAs ...

A report this past week claims PB Fintech’s management has not been completely transparent in its disclosures. So what's ...

Kang, Jung Koo, and Paul M. Healy. "Revenue Recognition at Stride Funding: Making Sense of Revenues for a Fintech Startup." Harvard Business School Multimedia/Video Supplement 124-710, February 2024.

Robotics warehouse automation company Symbotic Inc ($SYM) lost over a quarter of its market capitalization in Wednesday’s pre-market session after the company said ...

However, the transition from on-premise licenses to a cloud-based model presented short-term challenges in revenue recognition, with some inconsistencies in customer transition timing. Despite ...

Q4 2024 Management View CEO John Wood highlighted significant progress in the TSA PreCheck program, which expanded from 26 to 218 enrollment centers across the United States in 2024. The program ...