posts tagged as ASC 606


By Amber Williams | December 06, 2018

ASC 606’s Impact on Loyalty Programs: Redemption is Key

Under the new revenue recognition standard, restaurants must now take a different approach to accounting for gift cards and loyalty programs. read more


By Jennifer Valdivia | December 05, 2018

The New Revenue Recognition Standard: Are Privately Held Retailers Ready?

Is your retail business ready for FASB’s new revenue recognition standard (ASC 606)? While the compliance deadline for public companies has already passed, nonpublic organizations must apply the new revenue recognition standard to annual... read more


By Restaurant Practice Leaders | October 16, 2018

5 Steps for Hospitals to Manage Risk Around Fall 2018 Uncompensated Care CMS Audits

Amid a growing uninsured population, CMS is set to begin auditing hospitals’ uncompensated care reports this fall. Hospitals’ lifelines will be proper patient-level documentation and clearly defined charity care policies. Read our five... read more


By Kari Maue | October 04, 2018

How ASC 606 Impacts Franchisors’ Advertising Funds

ASC Topic 606 requires franchisors adjust their presentation of advertising fund dollars received and expended. read more


By Amber Williams | August 01, 2018

What Restaurants Should Watch Out for with the New Revenue Recognition Standard

Private restaurants can prepare now for the new revenue recognition standard’s impact on accounting for gift card breakage, loyalty programs and more. read more


By Restaurant Practice Leaders | 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


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