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Timing of Revenue Recognition: Considerations for Service Organizations
Posted by Joyce Masse Troy on Thu, Mar 12, 2020 @ 01:06 PM

By nature of their business, service organizations may face challenges with their determination of when revenue from contracts should be recognized under ASC Topic 606, Revenue from Contracts with Customers. In addition to the obvious accounting issues associated with timing of revenue recognition, this determination will also impact their financial statement disclosure requirements as it relates to revenue recognition.

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Topics: accounting, Joyce Masse Troy, Revenue Recognition Standard, Revenue recognition, Joyce Troy, hedging

What You Need to Know About Hedge Accounting Changes
Posted by Joyce Masse Troy on Wed, Mar 20, 2019 @ 10:12 AM

Changes to accounting for hedge activities are on the horizon, and for companies that engage in these activities, the simplifications in the new accounting standard couldn’t come soon enough. Hedge accounting errors have long been a trouble spot for financial reporting, in some cases leading to financial restatements.

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Topics: accounting, Derivatives, hedge accounting, hedging

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