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Patti Giudici

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How Does the Revenue Recognition Standard Affect Private Equity Firms?

The creation and adoption of the Financial Accounting Standards Board’s (FASB) Codification Section 606, Revenue from Contracts with Customers, (ASC

Professional Service Firms - Are You Ready for the Implementation of the New Lease Standard? What Are the Five Key Questions to Ask?

Professional service firms will be required to adopt Accounting Standards Update (ASU) 2016-02 Topic 842 - Leases (ASU 2016-02) in the upcoming years.

Funding for Start-Up Companies

“I have developed the next groundbreaking software tool, but how can I obtain funding in order to grow this innovation?” This is an all-too-familiar

Revenue Recognition Considerations for Engineering Firms

In August 2017, the FASB issued guidance for engineering firms in connection with the implementation of ASU 2014-09 and the five-step model. Step One requires

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Revenue Recognition Considerations for Software Companies

In August 2017, the FASB issued guidance for software companies in connection with the implementation of ASU 2014-09 and the five-step model. Step One

Accounting for Phantom Stock Plans

One appealing option for the owners of professional service firms that do not want to relinquish equity is a phantom stock plan. Phantom stock plans are

Form 5500 Changes

The following changes have been made to the Form 5500 for 2016 filings: Administrative Penalties – The new maximum penalty for a plan administrator

Recognizing Revenue - Revenue May Be Recognized More Quickly Under ASU 2014-09 Relating to the Sale of Software Licenses

ASU 2014-09, Revenue from Contracts with Customers, will have a significant effect across all industries; however, the software industry is likely to see

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Revenue Recognition: Software Industry

In connection with the Financial Accounting Standards Board Accounting Standards Update 2014-09, Revenue from Contracts with Customers, 13 issues were
Audit
Patti Giudici | 3.1.2017

Five Tips for Your Effective and Efficient Audit

Most companies have an annual audit performed to comply with banking and investment requirements. For most calendar year-end companies, the annual audits

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