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Accounting Archives | Delap CPA

27 Dec

Financial Institutions: Don’t Ignore the New Revenue Recognition Standard Because It Lacks Interest

December 27, 2018 | By | No Comments

Back in 2014, the Financial Accounting Standards Board (FASB) issued ASU 2014-09, Revenue from Contracts with Customers, which created a new section in the FASB’s Accounting Standards Codification: ASC Topic 606 (ASC 606). Prior to the establishment of ASC 606, the revenue recognition guidance in GAAP consisted of some broad revenue recognition concepts, along with […]

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15 Nov

3 Ways the New Revenue Recognition Will Impact Your Healthcare Organization’s Financial Statements

November 15, 2018 | By | No Comments

Looking back four years now, 2014 provided the accountants at Delap with some solid entertainment. My cherished Denver Broncos were clearly bought out by the Seattle Seahawks to lose Superbowl XLVIII in the most embarrassing match-up. Ever. might have lost the Superbowl to the PNW’s beloved Seattle Seahawks (I’m not bitter). HBO’s “True Detective” debuted […]

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28 Aug

New Revenue Recognition Rules, Do They Apply to You?

August 28, 2018 | By | No Comments

August 28, 2018 Q: What happens in 2019? A: The new revenue recognition guidance is effective for most, non-public companies (public companies started earlier). If your business earns revenue, this guidance applies to you! What’s Required to Recognize Revenue? The ASC 606 Revenue from Contracts with Customers rules (FASB ASU 2014-09) introduced the accounting world […]

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15 Aug

6 Ways to Get the Most Out of Your Internship

August 15, 2017 | By | No Comments

  Congratulations! You got yourself an internship. As your first day quickly approaches, the first day jitters begin to set in. The butterflies of entering a new work environment as the new kid are always intimidating.  Before you grab your briefcase and head to the office for your first day, here are a few things […]

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09 Mar

Verify Before You Trust: Implementing A Validation Policy For Your Company

It’s that time of year again; fraudsters are out in droves looking for ways to obtain data about you and your employees in order to cash in on filing fraudulent tax returns! So what are a few steps you can take as an employer to reduce the risk of unknowingly providing fraudsters with the very […]

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