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Follow the Cutoff Rules for Revenue and Expenses

July 19, 2021

Timing counts in financial reporting. Under the accrual method of accounting, the end of the..

Recognizing Revenue and Expenses: What Counts in 2020 vs. 2021

December 2, 2020

As year end approaches, it’s a good idea for calendar-year entities to review the guidelines for..

Revenue Recognition and Leases: FASB Gives Privately Owned Companies and Nonprofits More Time

June 11, 2020

Private companies and most nonprofits were supposed to implement updated revenue recognition..

TIMING OF REVENUE RECOGNITION:  CHANGES UNDER TCJA

November 18, 2019

The IRS just released regulations related to two code section changes that were enacted under the..

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