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, ...

Like businesses in most industries, the new revenue recognition rules put forth by the Financial Accounting Standards Board (FASB) -- and effective as of Jan. 1, 2018 for public companies and Jan. 1, ...

Image: FASB will propose a one-year delay in the effective date of its new revenue recognition standard, while allowing adoption of the original effective date for companies ready to move forward.

The first global rule on revenue accounting, a rule that was 12 years in the making, will touch most companies around the world and will have a major impact on certain industries. Under the new rule, ...

Accounting rules for hedging are designed to be better aligned with a company’s risk management activities under a new standard issued by FASB. The SEC has issued a staff accounting bulletin to bring ...

Accounting standard setters who aim to finish up a decade-long overhaul of revenue recognition rules by early next year are still struggling with some key issues about how to make revenue recognition ...