BTerrell Group Blog

Which industries will revenue recognition updates impact the most?

Posted by Brian Terrell on Tue, Jul 12, 2016

You know your business is unique. Depending on what you offer, what industry you focus on, and even where you’re located, you’re bringing some type of unique value to your clients. The way you manage your accounting can also be very different than other businesses. Some industries have certain ways of managing contracts while others take an entirely different approach.

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Tags: FASB

U.S. GAAP & IFRS Coming Together?

Posted by Meredith Gooch on Thu, Feb 25, 2010

In November 2008, the Securities and Exchange Commission (SEC) issued a proposed roadmap for making the transition from the United States Generally Accepted Accounting Principles (US GAAP) to the International Financial Reporting Standards (IFRS). At the time, the SEC did not have enough information to decide if IFRS should be incorporated for American public companies. 

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Tags: SEC, Securities and Exchange Commission, IFRS, International Financial Reporting Standards, US GAAP, FASB, Financial Accounting Standards Board, Generally Accepted Accounting Principles