A new accounting standards update addresses how to determine whether a contract liability is recognized by the acquirer in a business combination.
Read on for an overview of Tennessee’s recently signed House Bill 131, as well as which types of fixture are now excluded from the definition of tangible personal property.
Final regulations have been released implementing amendments for determining the taxable year in which an amount must be reported as gross income on a taxpayer’s return.
With the initial implementation of the new revenue recognition standard (FASB ASC 606) completed for most companies, many are wondering where they will go from here. Join BKD industry professionals as we share the significant effects adoption had on…
In this session, we will review the revenue recognition standards that need to be implemented by private K-12 schools. Join BKD as we focus on common programs administered by K-12 schools, including education, summer camps and food service,…
With the adoption of Accounting Standards Update 2014-09, Revenue from Contracts with Customers, companies with loyalty rewards programs may see a change to current accounting practice.
With private companies and not-for-profit (NFP) organizations in the home stretch of implementing Accounting Standards Codification 606, FASB posted an Implementation Q&A on its website that incorporates all previously issued FASB staff and…
With private companies in the home stretch of implementing Accounting Standards Codification 606, FASB posted an Implementation Q&A on its website that incorporates all previously issued FASB staff and Transition Resource Group memos and other…
Revenue recognition is a common topic at industry events and in various accounting resources—and it’s not something to delay preparing for. For many in the construction industry, implementing ASC 606 seems like a daunting task with a lot of…
What’s new in accounting methods?