Do You have to Adopt the FASB Revenue and Lease Standards?
Posted by Julie Killian on June 11, 2019
Julie Killian
Do you provide monthly or quarterly financial statements to your bank or other stakeholders? Are those financial statements required to be prepared using US GAAP standards?
Read more
Revenue Recognition Changes are Here
Posted by Julie Killian on November 26, 2018
The complexity of the new standard can make implementation time consuming, and the time remaining for that implementation is short.
Read more
Revenue Recognition: Five-Step Implementation
Posted by Julie Killian on March 5, 2018
When recognizing revenue over time, the objective is to do so in a pattern commensurate with the transfer of control to the customer.
Read more
Revenue Recognition: Allocating Transaction Price
Posted by Julie Killian on December 19, 2017
Over the past several months Clayton & McKervey has provided information about the new revenue recognition standard released by the Financial Accounting Standards Board …
Read more
Revenue Recognition: Determining Transaction Price
Posted by Julie Killian on November 20, 2017
Over the past several months Clayton & McKervey has provided information about the new revenue recognition standard released by the Financial Accounting Standards Board (FASB); …
Read more
Revenue Recognition – Step 2
Posted by Julie Killian on September 8, 2017
Over the past several months, information has been provided about the new revenue recognition standard released by the Financial Accounting Standards Board (FASB). The …
Read more
Revenue Recognition – Step 1
Posted by Julie Killian on July 11, 2017
Over the past several months we have provided information about the new revenue recognition standard released by the Financial Accounting Standards Board (FASB); (Revenue …
Read more
Who Needs an Employee Benefit Plan Audit?
Posted by Julie Killian and Catherine Faysal on June 21, 2017
Many companies sponsor employee benefit plans for their employees. Management may not be aware that certain plans require an audit to be completed by …
Read more
Revenue Recognition: Accounting Changes… You Have Options!
Posted by Julie Killian and Catherine Faysal on May 16, 2017
By now companies know that big changes are coming to their US Generally Accepted Accounting Principles (GAAP) financial statements. Now is the time for …
Read more
Revenue Recognition Standard: Not Your Typical Accounting Change
Posted by Julie Killian on April 18, 2017
The accounting industry identified the need to form a global revenue recognition strategy 15 years ago; announcing the final standard in May 2014.
Read more
Our team is always ready to help.
Please contact us for more information.