Under an accrual accounting system, the recognition of revenue is independent from when the cash is received. If cash or check is received at the time of providing the goods/services, then the revenue ...

This practice aligns directly with the revenue recognition principle—a fundamental part of GAAP. According to GAAP, revenue can only be recorded after it has been earned by fulfilling customer ...

News and in-depth features about tax, accounting, auditing, and other business topics. Published by the American Institute of CPAs ...

Dan Landes, CPA, partner at GHJ, excels in financial advisory services, notably in media and advertising revenue recognition.

Kang, Jung Koo, and Paul M. Healy. "Revenue Recognition at Stride Funding: Making Sense of Revenues for a Fintech Startup." Harvard Business School Multimedia/Video Supplement 124-710, February 2024.

The AICPA resource features new guidance and terminology for financial statement preparers and auditors. The December webcast also included updates on the AICPA Accounting Standards Review Committee’s ...

A report this past week claims PB Fintech’s management has not been completely transparent in its disclosures. So what's ...