Debit-This-Credit-That Podcast
Business:Investing
There are new Revenue Recognition Standards which will significantly impact all industries that sell a good or service. Specifically, we are discussing the Accounting Standards Codification (ASC) Topic 6 of 6 which was originally introduced in the Accounting Standards Update 2014 09.
Originally, Revenue Recognition Standards were based on different industries and what has been done now is that revenue recognition has been standardized across all industries. The changes to apply to every entity and focuses on contracts with the customers. Whether they are from construction, manufacturing, software, etc., all industries will now have same revenue recognition standards.
Learn more about the changes in Revenue Recognition in this podcast:
Episode 42 - COVID19 Update #1
Episode 41 - TCJA’s Opportunity Zones Explained
Episode 40 - Bay Area’s Current Real Estate Market: Part 2
Episode 39 - Bay Area’s Current Real Estate Market: Part 1
Episode 38 - Your Guide to 2018 Tax Planning: Part 2
Episode 37 - Your Guide to 2018 Tax Planning: Part 1
Episode 36 - How to Prepare for Accounting Recruiting Season
Episode 35 - Top Six Financial Tips for HENRY Millennials: Part 2
Episode 34 - The Financial Challenges of HENRY Millennials: Part 1
Episode 33 - Breaking Down Stock Options and Equity Compensation
Episode 32 - The Benefits of Proactive Client Accounting Services—with Partner Jaclyn Skull
Episode 31 - Matt Wheeler Q&A Roundup: Foreign contract work, writing off renovation and caregiving expenses, and becoming an LLC.
Episode 30 - Making Sense of Estate and Gift Tax—with Partner Jennifer Hauck
Episode 29 - Walking the Path of a Public Accountant
Episode 28 - What Lessees Need to Know about the New Lease Accounting Standards (ASC 842)
Episode 27 - Who’s Your Coach? An Enlightening Conversation with Scott Stauffer, CFP®
Episode 26 - Demystifying GAAP: Accounting Principles Generally Accepted in the United States of America
Episode 25 - Tax Season - Questions and Answers
Episode 24 - Are You Ready for Anything? Your Guide to Insurance Coverage - with Mark Caufield of Cook Disharoon & Greathouse Insurance Brokers
Episode 23 - The Current State of the Mortgage Market and the Real Estate Market - With Brandon Knapp
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