Financial Advisory Blog

Armanino’s Financial Advisory blog is your source for thought leadership around cloud ERP and accounting solutions and integrations. Supported by the Cloud Accounting Institute and numerous experts in cloud, finance, reporting, integration, compliance, and technology, Armanino’s Financial Advisory blog features must-read content on what’s happening in the finance industry, case studies, white papers, and much more.

September 26, 2017

How Companies Are Dangerously Underestimating the Impact of ASC 606 Disclosure Rules

As they prepare to implement the new FASB revenue recognition standard (ASC 606), many companies are focusing on the revenue and measurement aspects of the requirements and ignoring the new ASC 606 disclosure rules. They do this to their detriment. We’ve seen numerous organizations that mistakenly believe that there is no material impact in transitioning …

March 15, 2017

ASU 2016-09 and Forfeiture Rates

As some of you may have heard, FASB issued ASU 2016-09, new guidance that will have some positive effects on companies that calculate stock-based compensation expense. While the guidance covered a few provisions, the focus of this post will be on the provision that relates to accounting for forfeitures within compensation expense. How forfeitures are …

September 7, 2016

Cost of Ignoring New Revenue Recognition Standards

What’s Your Exposure to the New Revenue Recognition Standards? The new revenue recognition standards issued by the Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB) represent the most significant accounting change for U.S. businesses since Sarbanes-Oxley. These standards eliminate the transaction and industry-specific revenue recognition guidance under current GAAP and replace …