fasb Archives - CFO Edge

January 27, 2016

Start Preparing Now for New Revenue Recognition Standard

In 2014, the Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB) announced the creation of a new principles-based revenue recognition model. This new revenue recognition standard, which is referred to as Accounting Standards Update (ASU) 2014-09, will replace the current industry-specific GAAP rules with a single...

Financial Initiatives / Howard Goldman

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May 21, 2014

What’s the Difference Between Financial Accounting & Forensic Accounting?

Incidences of financial fraud have been growing in both frequency and sophistication among many Los Angeles and Southern California businesses, especially as the economic recovery drags on and some employees give in to the temptation to embezzle funds from their employers. This is one factor that has given rise...

Controls / Sherry Rahbar

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February 12, 2014

The Latest Efforts to Simplify Accounting for Small, Privately Held Companies

For years, there has been an ongoing debate in the accounting community regarding to what degree the complex requirements of generally accepted accounting principles (or GAAP) apply to small and non-public companies. U.S. GAAP was created primarily for publically held companies that have to meet strict regulatory reporting requirements....

Financial Reporting / Arthur F. Rothberg

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July 13, 2011

Planned Re-Exposure of Revised Revenue Recognition Standard

Along with after-tax profits and EBITDA, revenue is among the most critical measures of a company’s health and growth potential. Therefore, when changes take place in rules governing accounting for revenue, it is a highly significant event. Hence, the importance of the new revenue recognition exposure draft. That is...

Financial Initiatives / Arthur F. Rothberg

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fasb Tag

Start Preparing Now for New Revenue Recognition Standard

What’s the Difference Between Financial Accounting & Forensic Accounting?

The Latest Efforts to Simplify Accounting for Small, Privately Held Companies

Planned Re-Exposure of Revised Revenue Recognition Standard

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