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FASB Proposes Additional Delay of Extension Dates for Certain Standards for Private Companies and Not-for-profit Entities

by Larson CPA | Apr 13, 2020 | Articles, ASC 606, ASC 842, Lease Accounting, Revenue Recognition

Summary provided by MaterialAccounting.com: This article discusses recent proposed updates to FASB standards, including ASC 606 and ASC 842, for certain private companies and nonprofit entities.    In a meeting held on April 8, 20201, FASB voted to propose...
Revenue 606 Disclosures for Private Companies

Revenue 606 Disclosures for Private Companies

by Larson CPA | Feb 14, 2020 | Articles, ASC 606, Revenue Recognition

Summary provided by MaterialAccounting.com: This article discusses disclosure requirements for private companies under ASC 606. Andrew Wan, CPA, CFE, is the leader of our Emerging Markets and Small to Medium Sized Business Practice Groups. He is an expert in IT...

Automatic consent to accounting method change for new FASB & IASB financial accounting standards

by Larson CPA | May 24, 2018 | Articles, Revenue Recognition

Summary provided by MaterialAccounting.com: This article contains information about recognizing revenue from contracts with customers under the new financial standards issued by FASB and IASB.  Rev Proc 2018-29, 2018-21 IRB In a Revenue Procedure, IRS has provided a...

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Material Accounting

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