Revenue recognition has always represented a challenge ... it is acceptable for contractors to apply ASC 606 to a portfolio of contracts rather than individually accounting for each.

The Financial Accounting Standards Board released a post-implementation review Monday of its revenue recognition standard ... Under FASB's Accounting Standards Codification, it's known as ASC 606 or ...

Advanced financial compliance specialist Olga Petean has earned a 2024 Global Recognition Award for enhancing international accounting ...