posts tagged as ASC 606


By Dustin Minton | March 07, 2018

Event Recap: IFA Convention Surfaces Key Challenges for Franchisors

The International Franchising Association’s (IFA) 2018 Convention in Phoenix, Arizona earlier this month provided a valuable opportunity to connect with both familiar and new faces, and hear from a variety of presenters about challenges... read more


By Natalie Kotlyar | October 11, 2017

FASB Accounting Updates and Amendments for Retailers

The Financial Accounting Standard Board (FASB) has been busy over the past several years making technical corrections and improvements to existing standards and in some cases, creating new standards. The new standards are set to... read more


By Carrie Shagat | August 03, 2017

FASB Accounting Updates and Amendments for Restaurants

The Financial Accounting Standard Board (FASB) has been busy over the past several years making technical corrections and improvements to existing standards and in some cases, creating new standards. The new standards are set to... read more


By Angela Newell | June 30, 2017

Topic 606, Revenue from Contracts with Customers, A View from the Kitchen

The new revenue recognition standard becomes effective on January 1, 2018 for public companies. Private companies can choose to adopt the new model early, but have an additional year to comply. With the clock ticking until implementation... read more


By Healthcare Practice Leaders | May 02, 2017

BDO Knows Healthcare Newsletter Explores Cyber Response, Valuation Methods & More

The healthcare industry is facing major transformation, driven by reforms brewing in Washington and the longer-term transition toward a value-based reimbursement model. As lawmakers continue to grapple with the complexities of revising... read more


5 Regulations on Retailers' Watchlists

Fast moves in Washington, combined with approaching deadlines of long-planned accounting changes are creating a rising tide of regulatory concerns in the retail industry. In fact, just over one-in-five retailers say regulations are their... read more


By Healthcare Practice Leaders | March 14, 2017

What Implications Could FASB's ASC 606 Have for Healthcare?

The new revenue recognition accounting standard, ASC Topic 606 Revenue from Contracts with Customers, takes effect for public entities in 2018, with all other companies following suit in 2019. Its goal is to scrap industry-specific... read more


By Carrie Shagat | October 20, 2016

BDO Restaurant CFO Bootcamp Event Recap

From September 21 to 23, Las Vegas played host to BDO's Restaurant CFO bootcamp. The three-day event catered to industry professionals including independents, franchisees, franchisors and more. Throughout those three days, key issues and... read more


By Healthcare Practice Leaders | April 28, 2016

Unclaimed Property Concerns for the Healthcare Industry – Part One

Accounting professionals in the healthcare industry spend significant time reviewing contracts to determine the amount of receivables to record for a given service, pursuing reimbursement for claims, and determining whether any... read more


By Ted Vaughan | April 14, 2016

Navigating the Gift Card Breakage Standards

Around two-thirds of American consumers have purchased at least one gift card, and with the surge in e-commerce, online gift card sales are growing at approximately 29% per year. However, about 40% of gift card recipients do not use the... read more