FASB to Propose Delay to Effective Dates of Leases and Revenue Recognition for Franchisors

Posted April 21st, 2020 & filed under Blog.

May 21 Update: The FASB has voted to officially delay the effective dates for the Leases (Topic 842) and Revenue from Contracts with Customers (Topic 606) standards. The Leases (Topic 842) standard is now effective for private companies and private not-for-profit (NFP) entities for fiscal years beginning after December 15,

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Contributions Received and Contributions Made – Applying a New Lens

Posted July 8th, 2019 & filed under Blog.

When the new revenue recognition standard came out, Accounting Standards Update No. 2014-09, Revenue from Contracts with Customers (Topic 606), it specifically excluded contribution revenue and investment returns.

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Franchisors Seeing a Big Change in Revenue Recognition

Posted June 19th, 2019 & filed under Blog.

April 21, 2020 update: To provide accounting relief and clarity during the COVID-19 crisis, the FASB published an exposure draft with proposals to delay the effective dates for Revenue Recognition (Topic 606).

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ASC 606: A Case Study for Operating Real Estate Companies

Posted October 31st, 2018 & filed under Blog.

April 21, 2020 update: To provide accounting relief and clarity during the COVID-19 crisis, the FASB published an exposure draft with proposals to delay the effective dates for Leases (Topic 842).

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How Do the New GAAP Revenue Recognition Standards Impact Tax?

Posted September 17th, 2018 & filed under Blog.

This year brought many accounting and tax changes for both private and public companies. In addition to the changes brought by the Tax Cuts and Jobs Act (TJCA), the new GAAP revenue recognition standards will take effect for non-publicly traded companies for years beginning after December 15,

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