This post explores the impact of revenue recognition accounting under ASC 606 on income taxes.
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This Old School-themed blog post discusses frequently identified Part I.A audit deficiencies noted in PCAOB inspection reports.
Some cars now require software updates. How are these accounted for? This post covers Tesla cars, software updates, and ASC 606, Revenue Recognition.
Accounting for upfront fees received by franchisors is getting easier for private company franchisors, thanks to ASU 2021-02.
This posts discusses the accounting for training costs to fulfill a contract, which is a common practice issue under IFRS 15.
This post discusses consideration of a significant financing component under ASC 606 when determining the transaction price.
Assessing collectibility under ASC 606 is required in step 1, but what happens if things change after the contract is signed?
The FASB has clarified whether a transaction should be accounted for as an exchange (ASC 606) or a contribution (ASC 958).
While ASC 606 is extensive, it doesn't cover all arrangements. This post explores the accounting for pre-production arrangements.
This post explores the accounting for shipping and handling activities, which is a common revenue recognition practice issue under ASC 606.
This blog shares our insights and conversations about accounting, auditing, and training matters. It is hosted by GAAP Dynamics
