Tag Archives: Rev Rec

New lease standard: What you need to know

August 16, 2019

By  Mike Campana, partner Many of our private company clients that prepare financial statements using Generally Accepted Accounting Principles are spending the summer preparing to implement the Financial Accounting Standards Board’s Revenue Recognition standard. It needs to be fully implemented before they report their Dec. 31, financial results to their banks and shareholders. However, revenue […]

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4 things to know about the new revenue recognition standard

March 1, 2019

By Lisa Wigington, CPA Partner The new revenue recognition standard is here for all public and private entities who use Generally Accepted Auditing standards to prepare their financial statements. Private companies are required to comply with the new standard that was effective for public companies as of Jan. 1, 2018. Our experience indicates that many […]

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