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Eugene DeFrank

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Revenue Recognition, First in a Series: Implementation Guidance

Although the Financial Accounting Standards Board issued Accounting Standards Update 2014-09, Revenue from Contracts with Customers (ASU 2014-09), more

New Guidance for Lease Accounting - Finally!

On February 25, 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update No. 2016-02, Leases (“ASU

Further Details Regarding the Delay of Revenue Recognition Standard

On April 1, 2015, the Financial Accounting Standards Board (FASB) agreed to defer the effective date of the new revenue recognition standard, ASU 2014-09,

Back to the Future - Avoid Consolidation of VIE Lessor

For many years prior to 2003, private company business owners utilized a separate legal entity for the real estate used by the business and properly reported

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New Revenue Recognition Guidance - Sooner or Later?

With the origin of the proposed revenue recognition standard Revenue from Contracts with Customers dating back to 2002 (with significant deliberations

Revenue Recognition Guidance to be Re-Exposed

The initial exposure draft conveying proposed new guidance for revenue recognition was issued in June 2010 with a projected final accounting standards update expected to be released in the second quarter of 2011.

Lease Accounting Simplification

The Financial Accounting Standards Board (FASB) and International Accounting Standards Board (IASB) (collectively, “Boards “) have been extremely

Proposed FASB Revenue Recognition Rules Would Significantly Affect Contractors & Users of Construction Financial Statements

You probably have heard rumblings about the perils of proposed changes to revenue recognition rules, which would have severe implications to the construction industry. What are the details of these implications and the costs associated with compliance if the exposure draft is passed in its current state?

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Optimizing Surety Capacity in 2010 and Beyond

Schneider Downs and Marsh teamed up to present this hot topic on April 28, 2010 at the Regional Learning Alliance in Cranberry Woods, PA. (The two organizations

Transportation Update: More Challenges Ahead?

The trucking industry is considered by many to provide leading indicators from a macroeconomic standpoint. So what do we make of the more than 3,000 trucking bankruptcies in 2008? The startling reality is that a single item is largely responsible for many of these failures. Eugene DeFrank of Schneider Downs provides more information.

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