Resources
BNET Resources
- sort by:
- Relevance
- Date
- Popularity
- Conceptual framework, revenue recognition top FASAC priority list.(financialREPORTING)(Financial Accounting Standards Advisory Council )
- For the fifth consecutive year, the conceptual framework and revenue recognition have topped the list of issues that Financial Accounting Standards Advisory Council FASAC members believe should be the Financial Accounting Standards Board's FASB t For the fifth consecutive year, the conceptual framework and revenue...
- Research articles 2006-12-01
- FASB adds revenue recognition project to its agenda
- According to the Financial Accounting Standards Board, in an effort to provide better and more comprehensive guidance as to when companies should record revenues, it has added a project on revenue recognition to its agenda. As part of this project, the FAAccording to the Financial Accounting Standards Board, in an...
- Research articles 2002-07-01
- FASB Adds Revenue Recognition Project to Its Agenda
- Business Editors
- Research articles 2002-05-20
- FASB project to help clarify revenue recognition standards. (Assurance Forum)
- NORWALK, CONN. -- Responding to an increasingly piecemeal jumble of standards relating to revenue recognition, the Financial Accounting Standards Board has taken on a broad-reaching project that aims to clarify the accounting behind one of the most NORWALK, CONN. -- Responding to an increasingly...
- Research articles 2002-06-17
- FASB's New Agenda
- From the executive summary: ‘When it comes to revenue recognition, the Financial Accounting Standards Board says examples of the issues that will be explored include revenue arrangements involving multiple products or services, and the effect on revenue recognition of customer rights of return. Revenue recognition is the largest single category...
- White papers 2002-01-16
- Fundamental Revenue Recognition Principle
- This paper in general provides an insight to the Fundamental Revenue Recognition Principle. A reporting entity should recognize revenues in the accounting period in which they arise and measure them at their fair value on the date that they arise if it can determine both their occurrence and measurement with...
- White papers 2004-03-24
- The Revenue Recognition Project
- In May 2002, the FASB added a project on revenue recognition to its technical agenda. That project will develop a comprehensive Statement of Financial Accounting Standards that applies to all industries. Comprehensive guidance on revenue recognition has not previously been developed in the United States. Instead, a variety of standard-setting...
- White papers 2002-12-24
- FASB Chips Away at Revenue Recognition
- A survey of the Financial Accounting Standards Board's advisory group, the Financial Accounting Standards Advisory Council, identified revenue recognition as FASB's top issue for the fourth consecutive year. The United States has no general-accounting standard on revenue recognition. Practices have developed for certain industries and for certain transactions, but answers...
- White papers 2005-11-07
- Setting Revenue Recognition Standards
- Global accounting standard setters are moving closer to crafting one set of comprehensive guidelines for how and when companies should report revenue, and have set the end of this year as a target date for publishing a draft, according to Reuters. The proposals being discussed between the Financial Accounting Standards...
- White papers 2004-05-17
- Three-Year Mission?: FASB to Redefine Revenues
- Revenue recognition and other top-line issues have attracted a lot of attention of late from the Securities and Exchange Commission, Capitol Hill, and Wall Street. Much of that attention has been fueled by controversies involving Enron Corp.'s special-purpose entities, as well as some energy companies' use of "Round-trip" trades to...
- White papers 2002-05-16
- Revenue recognition: a perennial problem; Concerns about revenue recognition have intensified, and Financial Executives Research Foundation looks at some current developments affecting FASB's ongoing project--which aims to develop guidance that would appl
- It's back. With most companies having completed their first internal control attestation--and thus, with less demanding focus on Sarbanes-Oxley Section 404 at least in the short run--attention for many is shifting to revenue recognition. The topic It's back. With most companies having completed their first...
- Research articles 2005-07-01
- Making sense of revenue recognition: revenue "mis-recognition," the leading cause of restatement, has been soaring, likely due to the myriad of more than 200 pronouncements by standard-setters. FASB has revenue recognition on its agenda--for 200
- Three thousand years ago, revenue recognition was not a problem. You traded so many goats for so many sacks of wool. When you got home, you looked at what you had. It was your revenue. Three thousand years ago, revenue recognition was not a problem....
- Research articles 2006-07-01
Additional Resources
- Ambac Comments on Statement of Financial Accounting Standards No. 163
- NEW YORK -- Ambac Financial Group, Inc. (NYSE: ABK) Ambac today commented on the Financial Accounting Standards Board's recently released Statement of Financial Accounting Standards No. 163 - "Accounting for Financial Guarantee Insurance Contracts, an Interpretation of FASB Statement No. 60" ("FAS 163"). The primary focal points of FAS 163...
- Research articles 2008-05-27
- Accounting for contributions: the controversy and resolution of SFAS No. 116. (Statement of Financial Accounting Standards Number 116)
- What contributed assets must a business capitalize? What contributed services constitute a revenue and/or an expense? With the issuance of SFAS No. 116, FASB has answered these questions. (Reprinted by permission of the publisher.)Since 1986, the Financial Accounting Standards Board FASB has been struggling with the establishment of accounting...
- Research articles 1994-06-01
- FASB Call to Action Solicits Input That May Lead to New General Standard Addressing Revenue and Liability Recognition Issues in Future Financial Statements
- Business/Technology Editors CANTON, Mass.--BUSINESS WIRE--Feb. 13, 2002 Softrax CEO Bob O'Connor Available to Speak on Details of Present General Standard and its Effects on Current Revenue Management Practices Recent studies, performed by the Financial Accounting Standards Board FASB, indicate that revenue is often the largest...
- Research articles 2002-02-13
- Draft EITF Consensus On "Multiple Deliverables" Would Change Revenue Recognition
- The mission of the Emerging Issues Task Force EITF is to improve financial reporting through the timely identification, discussion, and resolution of financial accounting issues within the framework of existing authoritative literature. The Financial Accounting Standards Board FASB formed the EITF. The EITF has formed a consensus on the methodology...
- White papers 2002-10-01
- How New Accounting Rules Affect High Tech
- The changes in revenue recognition rules by the Financial Accounting Standards Board FASB were seen by most in light of what it might mean to Apple earnings, as it would no longer have to delay recognizing a good chunk of iPhone hardware revenue. However, for all the thought that Apple...
- Blog posts 2009-09-28
- Knowing the Right Time to Recognize Revenue
- Products and services can be sold and marketed in many different ways. Guidance is available about how to recognize revenue record income from the most common types of transaction, but it's not possible to provide for every situation—so considerable professional judgment is needed in the less straightforward cases.What You Need...
- Articles 2007-07-05
- Leveraging Revenue Management Solutions
- New solutions are emerging in the revenue management space that enable firms to better manage and influence revenue streams. CFOs are making financial accuracy a top priority. Concurrently, accounting regulations for revenue recognition have been changing, particularly in the technology/software sector. Ongoing Financial Accounting Standards Board FASB rulings that will...
- White papers 2002-12-01
- FASB and IASB convergence: impacts on the industry
- In February 2006, the Financial Accounting Standards Board FASB and the International Accounting Standards Board IASB released a memorandum of understanding renewing their commitment to the convergence of U.S. and international accounting standards and identifying current convergence projects. The convergence efforts between the Boards have the potential to significantly...
- Research articles 2008-02-27
- << Previous
- page 1 of 1
- Next >>
