Financial professionals are facing unprecedented changes in financial accounting and reporting. Economic, regulatory, and global forces are demanding higher-quality reporting while standards are in continual flux. These learning resources are designed to help you understand the knowledge and skills needed in the areas of financial accounting and reporting to appropriately serve their employers or clients.
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This sweeping new standard for revenue recognition has many important tax considerations. This article explains those considerations.
Costly revenue recognition mistakes can be avoided by following best practices that lead to proper judgments. This article explores these best practices.
The FASB has postponed the effective date of its revenue recognition standard, giving additional time to prepare for implementation. Learn seven facts about the new...
This article discusses how FASB principle for accounting policy decisions affects election of options developed by the Private Company Council.
This article examines the new going concern look-forward period, disparities with audit guidance, and a new triggering threshold.
This article provides background information on ASU No. 2016-13, Financial Instruments—Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments.
Kim Kushmerick, AICPA Senior Technical Manager-Accounting Standards, provides an overview of the new revenue recognition standard and highlights helpful AICPA...
Several organizations have developed informational pieces discussing the need for professional judgment. This page provides descriptions and links to each.