Learn when and how revenue is recognized in accrual accounting, even without cash receipt, following GAAP. Discover the ...

Hikal Ltd. has revealed discrepancies in its revenue reporting spanning Q4FY25, Q1FY26 and Q2FY26, stating that ...

The new revenue recognition standard and the explosion in online sales are prompting some retailers to change the time at which e-commerce revenue is recognized from customer delivery to shipping ...

Revenue recognition standards determine both how much and when revenue is recognized on the income statement. Any company keeping their financial statements under generally accepted accounting ...

The online edition of the AICPA’s Audit & Accounting Guide on Revenue Recognition aims to help entities and auditors understand, implement and audit the converged standard released in 2014 by the ...

FASB and the International Accounting Standards Board designed their converged revenue recognition standard to enhance comparability across industries. But the standard has presented different ...

Empowered customers are retained customers, meaning that the unbundling movement will help the accounting function create a ...

What Is the Difference Between the Revenue Recognition Principle and the Expense Matching Principle? Understand the uses of these two core principles. The revenue recognition principle is a ...

SAN FRANCISCO--(BUSINESS WIRE)--Recurly, Inc., a leading subscription management and billing platform for high-growth brands, has announced an agreement to acquire LeapRev, a global revenue ...

Statement of Position (SOP) 97-2 provides guidance on applying GAAP in recognizing revenue from software and software-related transactions. The SOP provides instruction on recognition for licensing, ...

IDP Education has announced a voluntary shift in its revenue recognition policy for student placement services, aiming for ...

These new accounting standards were developed by the Financial Accounting Standards Board (FASB), the non-profit group recognized by securities regulators in the U.S. to set accounting rules for ...