Download or read book Revenue Recognition Guide 2018 written by Scott A. Taub and published by Cch. This book was released on 2017-09-23 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Completely rewritten for 2017, Revenue Recognition Guide is a comprehensive reference manual that addresses authoritative literature on revenue recognition that must be adopted by public companies by 2018. Revenue Recognition Guide clarifies concepts and principles, and provides insight into issues that have been addressed as the accounting profession prepares to adopt the new guidance.
Download or read book Revenue Recognition Guide 2016 written by Scott A. Taub CPA and published by CCH Incorporated. This book was released on 2015-11-15 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Revenue is the top line in the income statement and one of the most important figures to both preparers and users of financial statements. It is also one of the most difficult numbers in the financial statements to get right. Revenue Recognition Guide is a comprehensive reference manual covering the key concepts and issues that arise in determining when and how to recognize revenue. It covers the litany of existing authoritative literature related to revenue recognition and clarifies those revenue recognition concepts that are vague. For issues not addressed in the accounting literature, this Guide provides suggested accounting treatments that are consistent with general revenue recognition concepts and principles. The Guide also provides examples of key points, includes excerpts from the financial statements of public companies, illustrating key concepts and judgments, and discusses revenue recognition projects on the agendas of the various accounting standard-setters. The 2016 Edition also includes a discussion of the new comprehensive standard on revenue recognition, ASU 2014-09, which will be effective in 2017 for public companies and 2018 for private companies. This new standard will replace almost all of the existing guidance on revenue recognition. Revenue Recognition Guide is organized into 13 chapters. Within these chapters, a number of Observations and Practice Pointers highlight key consequences of the accounting guidance and identifies issues to watch for when dealing with certain revenue transactions. SEC Registrant Alerts highlights issues that the SEC is particularly focused on, as well as additional guidance provided by the SEC beyond the guidance typically followed by non-public companies. To facilitate research, the text includes references to pertinent paragraphs of the authoritative literature addressing k
Download or read book Miller Guide to Revenue Recognition 2006 written by Ashwinpaul C. Sondhi and published by . This book was released on 2005-12 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Audit and Accounting Guide Health Care Entities 2018 written by AICPA and published by John Wiley & Sons. This book was released on 2018-11-30 with total page 584 pages. Available in PDF, EPUB and Kindle. Book excerpt: Considered the industry's standard resource, this guide helps accountants and financial managers understand the complexities of the specialized accounting and regulatory requirements of the health care industry. Updated for 2018, this edition has been prepared and reviewed by industry experts and provides hands-on, practical guidance for those who work in and with health care entities. A critical resource for auditors, this edition includes new accounting standards and relevant GASB and FASB updates (including those related to private companies). Updates include: FASB ASU No. 2014-09, Revenue from Contracts with Customers (Topic 606) FASB ASU No. 2016-01, Financial Instruments - Overall (Subtopic 825-10) Recognition and Measurement of Financial Assets and Financial Liabilities FASB ASU No. 2016-14, Not-for-Profit Entities (Topic 958): Presentation of Financial Statements of Not-for-Profit Entities SAS No. 133, Auditor Involvement With Exempt Offering Documents GASB Statement No. 75, Accounting and Financial Reporting for Postemployment Benefits Other Than Pensions (and Certain Issues Related to OPEB Plan Reporting) GASB No. 83, Certain Asset Retirement Obligations
Download or read book Miller Revenue Recognition Guide written by Scott A. Taub and published by . This book was released on 2002 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Accounting Guide written by AICPA and published by John Wiley & Sons. This book was released on 2018-12-12 with total page 429 pages. Available in PDF, EPUB and Kindle. Book excerpt: An industry-specific accounting guide for brokers and dealers The Accounting Guide: Brokers and Dealers in Securities 2018 is provided by the American Institute of Certified Public Accountants. It details specialized accounting and regulatory requirements for the broker-dealer industry. Detailed chapters provide comprehensive examinations of timely subjects. For example, the chapter on the securities industry covers discount brokers, investment bankers, government securities dealers, clearing brokers, and other professions. Additional chapters cover: regulatory consideration, internal control, accounting standards, and financial statement considerations. Broker-dealers gain guidance in financial statement preparation while following the best practices and accounting principles outlined.
Download or read book Welcoming the New Revenue Recognition Standard Asc 606 Revenue from Contracts with Customers Second Edition written by Ambalika Singh and published by Independently Published. This book was released on 2019-03-02 with total page 202 pages. Available in PDF, EPUB and Kindle. Book excerpt: The New Revenue Recognition Standard is a joint bold move made by both the FASB and the IASB to give top-lines of companies, across industries, a common denominator. It is a move from the fair value measure of vendor-specific objective evidence ('VSOE') to measure revenue, to one which takes into account what consideration the entity really expects to be entitled to receive from a contract with a 'customer'. The new standard broadens the definition of revenue to include newer concepts like contract costs incurred for transferring a good/ service, material rights and gain and loss from the sale of non-financial assets. There is specific guidance around contract combinations and contract modifications. 'Transfer of control to a customer' is the axis of the new revenue recognition standard. As control usually transfers before risks and rewards usually do, entities may witness an acceleration in revenue recognition. Collaborative arrangements have come under the scanner as the collaborator may be acting as a 'customer'. ASU 2018-18 issued in November 2018 removes the bias that amidst a risk and benefits sharing atmosphere of a collaborative arrangement, control of an output of an ordinary activity of one collaborator could be transferred to another collaborator for a consideration. Distinct goods/ services are now determined based on whether they are both individually distinct and are distinct within the context of the contract. Individually distinct goods/ services are now determined based on the characteristics of the goods or services themselves, instead of the way in which the customer may use the goods or services. VSOE rules are past tense and a good/ service may be distinct even if VSOE could not be established earlier. This may lead an increase or decrease in performance obligations, leading to difference in timing of revenue recognition. Increased judgement is needed for demarcating between a sale/ lease/ financing, in estimating variable consideration after applying constraints and in the capitalization and amortization of contract costs-especially in case of a principal versus agent situation. More disclosures are required. Provision for loss on contracts may apply to entities as ASC 606 amends ASC 605 for those paragraphs instead of superseding them. The position under IFRS is different as with the superseding of IAS 11 Construction contracts, the non-onerous provision for loss on construction contracts has been done away with. ASU 2017-01 and ASU 2017-05 narrowing the definition of 'business' and defining an 'In Substance Nonfinancial asset', respectively, impact the new revenue recognition standard from the point of view of a sale of non-financial assets to a customer- where the interest in an entity does not fall under the new definition of business but within the definition of essentially a non-financial asset. IFRS 3 has also been amended for a new definition of business and that does bring US GAAP and IFRS closer. The new standard interacts with the new leases standard and there may be a pit stop at ASC 606 before an entity transitions to the new leases standard. This book brings you the impacts from an exotic mix of industries as varied as aerospace and defense, engineering, media and entertainment, airlines, pharmaceuticals, health care, early-stage life sciences, software, construction and real estate, retail and e-commerce, hospitality, telecommunications, shipping, automotive, outsourcing and investment companies and promises deep learning. The new revenue recognition standard affects more than just revenue and impacts the business processes and results in dual SOX testing during the transition phase. With all the shuffling around the timing of payments being linked to the satisfaction of performance obligations, managements should properly assess their normal operating cycles and working capital. With sufficient discussions and training, all managements will be able to do the 'heavy lifting'.
Download or read book Accounting Guide written by AICPA and published by John Wiley & Sons. This book was released on 2019-10-22 with total page 421 pages. Available in PDF, EPUB and Kindle. Book excerpt: It is critical to understand the complexities of the specialized accounting and regulatory requirements needed for the broker-dealer industry. This comprehensive guide has been designed to be beneficial for a wide range of professionals within the broker-dealer industry. Updates to this edition are to conform the content to current accounting standards and regulatory requirements. The updates include: SEC Release No. 34-86073, Amendment to Single Issuer Exemption for Broker-Dealers; ASU No. 2018-09, Codification Improvements; and, SEC Release Nos. 33-10532; 34-83875; IC-33203, Disclosure Update and Simplification. In addition, this edition features a new example disclosure note for revenue from contracts with customers, which has been added to the guide's illustrative financial statements and footnote disclosures.
Download or read book Revenue Recognition written by Gerardus Blokdyk and published by Createspace Independent Publishing Platform. This book was released on 2018-05-03 with total page 140 pages. Available in PDF, EPUB and Kindle. Book excerpt: How to deal with Revenue recognition Changes? How likely is the current Revenue recognition plan to come in on schedule or on budget? Which customers cant participate in our Revenue recognition domain because they lack skills, wealth, or convenient access to existing solutions? How will we insure seamless interoperability of Revenue recognition moving forward? Can Management personnel recognize the monetary benefit of Revenue recognition? Defining, designing, creating, and implementing a process to solve a challenge or meet an objective is the most valuable role... In EVERY group, company, organization and department. Unless you are talking a one-time, single-use project, there should be a process. Whether that process is managed and implemented by humans, AI, or a combination of the two, it needs to be designed by someone with a complex enough perspective to ask the right questions. Someone capable of asking the right questions and step back and say, 'What are we really trying to accomplish here? And is there a different way to look at it?' This Self-Assessment empowers people to do just that - whether their title is entrepreneur, manager, consultant, (Vice-)President, CxO etc... - they are the people who rule the future. They are the person who asks the right questions to make Revenue recognition investments work better. This Revenue recognition All-Inclusive Self-Assessment enables You to be that person. All the tools you need to an in-depth Revenue recognition Self-Assessment. Featuring 712 new and updated case-based questions, organized into seven core areas of process design, this Self-Assessment will help you identify areas in which Revenue recognition improvements can be made. In using the questions you will be better able to: - diagnose Revenue recognition projects, initiatives, organizations, businesses and processes using accepted diagnostic standards and practices - implement evidence-based best practice strategies aligned with overall goals - integrate recent advances in Revenue recognition and process design strategies into practice according to best practice guidelines Using a Self-Assessment tool known as the Revenue recognition Scorecard, you will develop a clear picture of which Revenue recognition areas need attention. Your purchase includes access details to the Revenue recognition self-assessment dashboard download which gives you your dynamically prioritized projects-ready tool and shows your organization exactly what to do next. Your exclusive instant access details can be found in your book.
Download or read book Revenue Recognition A Complete Guide 2020 Edition written by Gerardus Blokdyk and published by 5starcooks. This book was released on 2019-09-05 with total page 310 pages. Available in PDF, EPUB and Kindle. Book excerpt: Do you have active lines on your contract? What is revenue recognition concept? How many years has your organization been in business? What are information system audits? Do you have lines on your contract? This powerful Revenue Recognition self-assessment will make you the reliable Revenue Recognition domain expert by revealing just what you need to know to be fluent and ready for any Revenue Recognition challenge. How do I reduce the effort in the Revenue Recognition work to be done to get problems solved? How can I ensure that plans of action include every Revenue Recognition task and that every Revenue Recognition outcome is in place? How will I save time investigating strategic and tactical options and ensuring Revenue Recognition costs are low? How can I deliver tailored Revenue Recognition advice instantly with structured going-forward plans? There's no better guide through these mind-expanding questions than acclaimed best-selling author Gerard Blokdyk. Blokdyk ensures all Revenue Recognition essentials are covered, from every angle: the Revenue Recognition self-assessment shows succinctly and clearly that what needs to be clarified to organize the required activities and processes so that Revenue Recognition outcomes are achieved. Contains extensive criteria grounded in past and current successful projects and activities by experienced Revenue Recognition practitioners. Their mastery, combined with the easy elegance of the self-assessment, provides its superior value to you in knowing how to ensure the outcome of any efforts in Revenue Recognition are maximized with professional results. Your purchase includes access details to the Revenue Recognition self-assessment dashboard download which gives you your dynamically prioritized projects-ready tool and shows you exactly what to do next. Your exclusive instant access details can be found in your book. You will receive the following contents with New and Updated specific criteria: - The latest quick edition of the book in PDF - The latest complete edition of the book in PDF, which criteria correspond to the criteria in... - The Self-Assessment Excel Dashboard - Example pre-filled Self-Assessment Excel Dashboard to get familiar with results generation - In-depth and specific Revenue Recognition Checklists - Project management checklists and templates to assist with implementation INCLUDES LIFETIME SELF ASSESSMENT UPDATES Every self assessment comes with Lifetime Updates and Lifetime Free Updated Books. Lifetime Updates is an industry-first feature which allows you to receive verified self assessment updates, ensuring you always have the most accurate information at your fingertips.
Download or read book Welcoming the New Revenue Recognition Standard Ind as 115 Revenue from Contracts with Customers written by Ca Ambalika Singh and published by Independently Published. This book was released on 2018-08-06 with total page 164 pages. Available in PDF, EPUB and Kindle. Book excerpt: Indian companies would truly become global players when they adopt the new revenue recognition standard - Ind AS 115. The New Revenue Recognition Standard is bold standard, which gives top-lines of companies, across industries, a common denominator. It is a ground-breaking shift from the fair value basis of measuring revenue, to one which takes into account what consideration the entity really expects to be entitled to receive from the contract with a 'customer'. Moreover, the terms 'client' and 'customer' would no longer be fungible.Ind AS 115 applies to entities falling within the Ind AS roadmap or voluntarily adopting Ind AS and is effective from accounting periods beginning on or after April 1, 2018. Its US counterpart, ASC 606 provides guidance that will apply to all entities, including non-public entities that previously did not have extensive guidance. IFRS differs in this respect as IFRS for Small and Medium-sized Entities is available for entities that do not have public accountability.The new standard broadens the definition of revenue to include newer concepts like costs to obtain and fulfil a contract and material rights. The revenue is recognised upon control transfer rather than on delivery/ transfer of risks and rewards and the standard introduces the concept of 'control transferred at a point in time' and 'control transferred over time'. The standard requires management to increase exercise of judgment and estimate variable consideration, after applying constraints. The disposal of an item of property, plant and equipment or an intangible asset also is recognised when the recipient obtains control of it. Control is determined as per under Ind AS 115.The new revenue recognition standard affects more than just revenue and impacts the business processes and results in dual testing of Internal Financial Controls (other than by a 'one person' company or 'small' company) during the transition phase. Moreover, the standard was notified on March 28, 2018 and hence managements following Ind AS would need to disclose the impact Ind AS 115 in the March 31, 2018 financial statements as the standard was issued but not yet effective as at the end of the financial year.Managements are encouraged to take a tax health check in the end but keep financial statements free of bias. With sufficient discussions and training, all managements will be able to do the 'heavy lifting'.
Download or read book Audit and Accounting Guide Life and Health Insurance Entities 2018 written by AICPA and published by John Wiley & Sons. This book was released on 2018-10-26 with total page 701 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book helps simplify the complexities of insurance entity regulatory compliance. Whether performing audit engagements or management at an insurance entity, the 2018 edition of this guide is a must-have resource to keep abreast of recent regulatory changes related to the life and health insurance industry, its products and regulatory issues, and the related transaction cycles that an insurance entity is involved with. New to the 2018 edition: This edition covers recent regulatory updates related to the Affordable Care Act and provides guidance for new standards that impact life and health insurance, including revenue recognition, financial instruments, leases, and more.
Download or read book Audit and Accounting Guide written by AICPA and published by John Wiley & Sons. This book was released on 2018-11-27 with total page 400 pages. Available in PDF, EPUB and Kindle. Book excerpt: Most of the accounting and financial reporting practices of entities undertaking gaming or gaming-related activities (collectively referred to as "gaming entities") are essentially the same as those of other industries. However, some activities of gaming entities are unique. Developed by leading experts, this guide delivers "how-to" strategies for handling audit and accounting issues common to entities in the gaming industry, so accounts and financial managers can provide high-quality services to their clients. Updated for recent auditing standards, this guide summarizes new standards, guidance and practices, explaining the numerous activities specific to gaming entities and provides information regarding accounting and auditing for many types of gaming industry issues. Also included are illustrative independent auditor's reports and financial statements of both a non-governmental gaming entity and a governmental gaming entity. Key benefits include: Provides important technical guidance, summarizes new standards and practices, and delivers how-to advice for handling audit and accounting issues that will be critical to your success. Offers clear and practical guidance on recent developments in areas such as online gaming and governmental gaming entities. Includes helpful industry coverage of the New Jersey Casino Redevelopment Authority, currency transaction reporting in the gaming industry, the tribal gaming industry, lotteries, and analytical procedures and internal controls unique to the gaming industry. Includes an appendix that highlights FASB ASU No. 2014-09, Revenue from Contracts with Customers (Topic 606). Includes an appendix that contains the finalized revenue recognition implementation issues specific to gaming entities.
Download or read book Audits of Property and Liability Insurance Companies written by and published by . This book was released on 2000 with total page 380 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Revenue Recognition A Complete Guide 2019 Edition written by Gerardus Blokdyk and published by 5starcooks. This book was released on 2019-06-19 with total page 314 pages. Available in PDF, EPUB and Kindle. Book excerpt: Under what revenue recognition method is the cost allocation method appropriate? Has the insurer disclosed information to enable users of its nancial statements to evaluate the nature and extent of risks arising from insurance contracts? What triggers revenue recognition? Is revenue recognition aggressive or conservative? How do you deal with variable pricing and revenue recognition? This exclusive Revenue recognition self-assessment will make you the credible Revenue recognition domain adviser by revealing just what you need to know to be fluent and ready for any Revenue recognition challenge. How do I reduce the effort in the Revenue recognition work to be done to get problems solved? How can I ensure that plans of action include every Revenue recognition task and that every Revenue recognition outcome is in place? How will I save time investigating strategic and tactical options and ensuring Revenue recognition costs are low? How can I deliver tailored Revenue recognition advice instantly with structured going-forward plans? There's no better guide through these mind-expanding questions than acclaimed best-selling author Gerard Blokdyk. Blokdyk ensures all Revenue recognition essentials are covered, from every angle: the Revenue recognition self-assessment shows succinctly and clearly that what needs to be clarified to organize the required activities and processes so that Revenue recognition outcomes are achieved. Contains extensive criteria grounded in past and current successful projects and activities by experienced Revenue recognition practitioners. Their mastery, combined with the easy elegance of the self-assessment, provides its superior value to you in knowing how to ensure the outcome of any efforts in Revenue recognition are maximized with professional results. Your purchase includes access details to the Revenue recognition self-assessment dashboard download which gives you your dynamically prioritized projects-ready tool and shows you exactly what to do next. Your exclusive instant access details can be found in your book. You will receive the following contents with New and Updated specific criteria: - The latest quick edition of the book in PDF - The latest complete edition of the book in PDF, which criteria correspond to the criteria in... - The Self-Assessment Excel Dashboard - Example pre-filled Self-Assessment Excel Dashboard to get familiar with results generation - In-depth and specific Revenue recognition Checklists - Project management checklists and templates to assist with implementation INCLUDES LIFETIME SELF ASSESSMENT UPDATES Every self assessment comes with Lifetime Updates and Lifetime Free Updated Books. Lifetime Updates is an industry-first feature which allows you to receive verified self assessment updates, ensuring you always have the most accurate information at your fingertips.
Download or read book 2005 Miller Revenue Recognition Guide written by Taub and published by Aspen Publishers. This book was released on 2004-11 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Audit and Accounting Guide written by AICPA and published by John Wiley & Sons. This book was released on 2020-07-24 with total page 768 pages. Available in PDF, EPUB and Kindle. Book excerpt: From financial reporting to revenue recognition to grants and contracts to auditor report changes, you have a lot going on in the not-for-profit financial arena right now. Whether you're already an expert in NFP audit and accounting standards or just getting started, this is the practical guidance you need. This must-have resource for nonprofits accounting and auditing professionals is an essential reference that will assist you with the unique aspects of accounting and financial statement preparation and auditing for not-for-profit entities. It will help you with the following Understand and implement recent updates and changes, including those related to financial reporting, revenue recognition, and grants and contracts Gain a full understanding of the accounting issues unique to not-for-profit entities Assist in the implementation of auditor report changes.
