Did you know? The American Institute of Certified Public Accountants (AICPA) issued several new auditing standards a few years ago, which are effective for the December 31, 2021 audits. Many of the standards affect what auditors do and how we document our work, so you...
Introduction Hello, again, my fellow knowledge-hungry, number-crunchers! Welcome to Episode 3 of the three-part mini-series on Revenue Recognition (a.k.a. Everything You Always Wanted to Know About Rev Rec). Like the late, great Stephen Hawking did with the universe,...
Welcome back, all you eager readers! I know you’ve been awaiting this like the world awaited the final season of Game of Thrones. So here it is, Episode 2 of the three-part mini-series on Revenue Recognition (a.k.a. Everything You Always Wanted to Know About Rev...
Introduction to Revenue Recognition The accounting community has been all abuzz in 2018-2019, as the new Revenue Recognition standards (officially titled, Revenue from Contracts and Customers) must finally be applied to everyone’s financial statements. Briefly...