The AICPA Financial Reporting Executive Committee (FinREC) issued for informal comment Monday nine working drafts that discuss accounting issues related to the implementation of the new 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, ...

Five years after the Financial Accounting Standards Board (FASB) first issued new revenue recognition rules, we finally get to see its impact on reported financials. The new standard was originally ...