The Tax Cuts and Jobs Act (TCJA) contains a provision that ties revenue recognition for book purposes to income reporting for tax purposes, for tax years starting in 2018.
Tag: Revenue Recognition
Revenue recognition accounting standards drastically changed for middle market nonpublic businesses, effective January 1, 2019, for those with a calendar year-end. What do we need to do to comply with these changes, and how do we get there? Read the article to find out.
FASB issued the ASU No. 2014-09 effective 2018 for public companies and 2019 for private companies. Here’s what you need to know.
Ten implementation issues are identified in this article and the status of them are listed with a further discussion of the finalized implementation issues detailed.
Cloud financials is the concept that encompasses the principles, costs… Read more »