United States
A recent ASU addresses the accounting by a private-company franchisor for certain pre-opening services provided to a franchisee.
A recent proposed ASU addresses the accounting for revenue contracts with customers acquired in a business combination.
A recent proposal would simplify how private-company franchisors analyze their performance obligations in accordance with ASC 606.
On May 20, 2020, the FASB approved one-year effective date deferrals for certain entities for ASC 606 and ASC 842.
Due to the coronavirus, the FASB recently proposed a one-year effective date delay for certain entities for ASC 606 and ASC 842.
FASB to propose deferring the effective dates of ASC 606 for private franchisors and ASC 842 for certain entities.
Our updated white paper will further assist financial institutions in applying the new revenue recognition model.
Our updated white paper will assist entities in the insurance industry in applying the new revenue recognition model.
A recent FASB publication integrates previously issued FASB staff, TRG and PCC revenue recognition memos into a Q&A format.
We have issued an updated version of our white paper to further assist health care entities in applying ASC 606.