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 …

May 2, 2017

ASC 606: What Early-Stage Companies Need to Think About Now

As a CEO, COO or CFO of an early-stage company, you have enough to worry about. Lining up investors, getting a minimally viable product to market, and persuading customers to sign a contract are pursuits that get the lion’s share of your attention—as they should. However, there is one additional thing you need to focus …

November 30, 2016

Is Your Company Unprepared for the Upcoming Revenue Recognition Accounting Standards?

A new survey of top finance executives at U.S.-based companies released by Intacct, the customer satisfaction leader in cloud ERP software, reveals that finance departments are behind in preparing to transition to the new ASC 606 revenue recognition guidelines. Challenges lie ahead for companies—from understanding how the new guidelines will impact existing contracts, to adjusting …

October 19, 2016

Revenue Recognition Help is Here!

CFOs, where does your company stand today, compared to where it needs to be in order to be compliant with new revenue recognition regulations ASC 606 and IFRS 15? Do you know how you’ll get there? Armanino’s Revenue Recognition Gap Assessment Services address the disparity between where companies stand today on revenue recognition compared to where they …

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 …

June 1, 2016

Announcing Intacct Revenue Recognition Module for ASC 606 and IFRS 15

Intacct Revenue Recognition Featured in Accounting Today – Announces New Module for ASC 606 and IFRS 15 Guidelines Intacct has been featured in Accounting Today for its new Cloud ERP automated solution, Intacct Contract and Revenue Management. This new module helps companies navigate complexities around the upcoming ASC 606 and IFRS 15 revenue recognition guidelines. …