The revenue recognition rule doesn't mean that companies should wait to start their implementation efforts.
FASB’s new revenue recognition standard could spawn costly changes in corporate tax compliance.
Common mistakes include misplacement of the invoice and a failure by the approver to processes the invoice.
As companies push into Europe, the Middle East, India, and Africa, executives are being pressured into higher risk behaviors, says E&Y.
“There is virtually no support to have the SEC mandate IFRS for all registrants,” James Schnurr tells accountants.
If tax officials find that a business has “nexus” in a state, the penalties and interest they charge can easily double the tax the company…
Twenty of the accounting-related class actions included allegations of improper revenue recognition, PwC finds
After 15 years in the business, a finance chief describes how audit firms operate, manage growth, and pay their partners.
U.S. businesses amassed nearly $7 billion in IRS civil penalties in 2013 stemming from tax and accounting mistakes.
Fifty-seven percent of tech company CFOs responding to a BDO survey are still unfamiliar with the new revenue recognition standard.