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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?... read more >

Lease Accounting Simplification

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

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. ... read more >

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 ... read more >

Construction Update: The Impact of the Stimulus Package

Is the $787 billion stimulus package signed into law by President Obama on February 17, good news for the American people, and for the construction industry?... read more >

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.... read more >

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 ... read more >

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 ... read more >

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, ... read more >