Will You Have Lost or Vaporized Revenue?
Who cares what you call it? Either way, it’s gone!
Will You Take The Letter “Q” or “K” for $650 Million?
Over the past months, we reviewed public companies’ filings to understand how they planned, implemented, and adopted ASC 606. As the ASC 606 adoption date has come and gone, and many companies are filing their first 10-Q’s under ASC 606, an important point to consider is the extent to which the SEC will do in-depth […]
SEC Feedback Regarding ASC 606 Adoption
Anyone who has played Monopoly knows that every player wants that “Get Out of Jail Free” card… In real life, though, there are no “Get Out of Jail Free” cards for those adopting ASC 606. However, there has been enough real-world feedback on ASC 606 to provide a potential safe passage past that dreaded “Go […]
New Accounting Standards Meet Increased SEC Attention
The idea of the ‘perfect storm’ was first popularized by journalist Sebastian Junger in his book of the same name, set against the backdrop of the devastating Nor’easter of 1991. Though undeniably destructive, it was the origin of Junger’s storm that caught the public imagination: a chance combination of high-pressure systems, low-pressure systems, and tropical […]