Stu Fisher, Author at Revelwood Knowledge Center
Stu Fisher, Author at Revelwood Knowledge Center

This is a guest blog post by RGP Director of Client Service, Stuart Fisher. It’s official. The adoption of ASC 606 – the new Revenue Recognition accounting standard, is not going to be fun. Forty percent of finance professionals surveyed by Intaact would rather stand in line at the DMV than go through the process of preparing and implementing the new standard. The technical aspects, which are enough to make anyone cringe, raise many questions. Among them: How many performance … Read More


This is a guest blog post by RGP Director of Client Service, Stuart Fisher. On May 28, 2014, the Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB), also known as the Boards, issued converged final revenue recognition standards, which eliminate most industry-specific GAAP and significantly changed revenue recognition. Now that the one year delay proposed by the Boards is finalized, the standards will become effective in fiscal years beginning after December 15, 2017 (calendar year 2018) … Read More


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