The January webcast also included a deep dive into step 3 of the five-step revenue recognition process outlined in FASB ASC 606.

IASB issued IFRS 15, and FASB issued ASC 606—Revenue from Contracts with Customers. The primary purpose of these standards is to meet business needs and improve the quality of financial reports and ...

It may also elect to use a one-step goodwill impairment test if needed (ASC 350-20-35-63). FASB’s stakeholders raised concerns that, among other factors, this traditional intangible asset model: 1) ...

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Home security cam facial recognition is here to stay. While you can choose not to participate, more and more cameras and video doorbells come with the ability to recognize individual faces -- and ...

These photos go on the user’s profile, which is full of information about their life, connections and events. It is around these purported interests that Facebook segments its audiences for its core ...