BTerrell Group Blog

The new ASC 606 standard has some 'Gotchas'. Distinct or a Bundle?

Posted by Brian Terrell on Fri, Feb 16, 2018

The confusing complexities that just may come back to bite you

In our continuing series covering the major and minor points of the new Revenue Recognition rules contained within ASC 606, we wanted to shed some light on some of the nuances laced through the rules’ verbiage. While on the surface the rules sound fairly straightforward, there are some confusing complexities that it’s important for your organization to be aware of and to understand. Here we look at just one component of the rule – identifying the performance obligations of a contract - to illustrate how a seemingly simple concept gets a bit more complicated the deeper we look.

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The Who, What and When of Revenue Recognition Standard Updates

Posted by Brian Terrell on Tue, Feb 06, 2018

Accounting Standards Update (ASU) 2014-09, Revenue from Contracts with Customers, is provoking a lot of questions—and for good reason. The who_what_when.jpgupdate essentially affects all businesses and requires some major updates to reporting and accounting practices. Read on to see if it applies to you, what you need to do, and when you need to make the necessary changes.

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Are you Prepared for Upcoming GAAP Revenue Recognition Changes?

Posted by Brian Terrell on Mon, Jan 29, 2018

Back in 2014, the Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB) released new guidance onRev_Rec2.jpg recognizing revenues in contracts with customers. Revenue recognition is essential for strong financial management and yet can be challenging for certain types of businesses, such as those managing recurring and deferred revenue.

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A day in the life an RPA bot

Posted by Brian Terrell on Fri, Jan 12, 2018

Let’s say you’re an overworked sales manager for a growing widget manufacturer with annual sales in excess of $50 million.shutterstock_146587283.jpg

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Can Robotic Process Automation provide operational insight?

Posted by Brian Terrell on Tue, Jan 02, 2018

Brian Terrell sat down with Johnny Ramondino, President of IN-RGY Consulting, to discuss the advantage of utilizing Robotic Process Automation to gather data-driven operational insight. Turns out that RPA provides a treasure trove of essential information for the business.

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Tags: RPA_Lead_Story