The New Approach to Revenue Recognition: What’s in Scope? September 24th, 2014MMM Tech Law Video Channel Revenue Recognition Morris, Manning & Martin and Habif, Arogeti & Wynne join forces to provide a unique legal and accounting perspective on changes to new revenue recognition standards for tech companies. The New Approach to Revenue Recognition: What’s in Scope? from MMMTechLaw on Vimeo. Read More
Disclosure Requirements and Considerations Under the New Revenue Recognition Standards September 9th, 2014Finance, Accounting & Compensation, FinTech/Payments, MMM Tech Law Video Channel Revenue Recognition Morris, Manning & Martin and Habif, Arogeti & Wynne join forces to provide a unique legal and accounting perspective on changes to new revenue recognition standards for tech companies. Disclosure Requirements and Considerations Under the New Revenue Recognition Standards from MMMTechLaw on Vimeo. Read More
5 Step Process Under New Revenue Recognition Standards September 4th, 2014MMM Tech Law Video Channel Revenue Recognition Morris, Manning & Martin and Habif, Arogeti & Wynne join forces to provide a unique legal and accounting perspective on changes to new revenue recognition standards for tech companies. 5 Step Process Under New Revenue Recognition Standards from MMMTechLaw on Vimeo. Read More
Overview of the New Software Revenue Recognition Standards August 28th, 2014MMM Tech Law Video Channel Revenue Recognition Morris, Manning & Martin and Habif, Arogeti & Wynne join forces to provide a unique legal and accounting perspective on changes to new revenue recognition standards for tech companies. Overview of the New Software Revenue Recognition Standards from MMMTechLaw on Vimeo. Read More
Revenue Recognition Strategies for Tech Companies April 23rd, 2014Finance, Accounting & Compensation Revenue Recognition Revenue recognition may be a basic cornerstone of accounting, but that doesn’t mean it’s always a straightforward matter. Read More
SaaS is Different – An Accounting Primer for SaaS Companies June 25th, 2012Finance, Accounting & Compensation Revenue Recognition, Revenue Recognition Bulletin Services that have standalone value to the customer apart from the hosted software services can generally be recognized when performed. If, however, the services do not have standalone value, then they would generally be treated as set-up fees, and recognized over the longer of the initial contract period or the period the customer is expected to benefit from payment of the up-front fees….However [the] requirement to establish the fair value of hosted services was recently eliminated, making it significantly easier for SaaS companies that provide other services with standalone value to recognize revenue attributable to those services when performed. Read More
Software Case Highlights Criminal Exposure for Revenue Recognition of Software Sales January 14th, 2011Finance, Accounting & Compensation Revenue Recognition Former chief financial officer of Network Associates, Inc. (“NAI”), appeals his convictions for securities fraud and making materially false statements to auditors. The government alleged that NAI, under CFO’s supervision, violated generally accepted accounting principles (“GAAP”) by recognizing revenue from certain software sales earlier than it should have. CFO was indicted for concealing the allegedly improper accounting from NAI’s outside auditors and for filing reports with the Securities and Exchange Commission that, because of NAI’s accounting, allegedly misstated revenue in certain reporting periods between 1998 and 2000. CFO argued that no jury could have found him guilty beyond a reasonable Read More
Interesting Revenue Recognition Website for Tech Companies September 3rd, 2010Finance, Accounting & Compensation Revenue Recognition Comment: Revenue recognition issues are changing and this website provides an overview and current developments of interest to tech entrepreneurs and CFOs . Read More
Attention, Tech Executives: Watch Out for Revenue Recognition Trap August 10th, 2010Finance, Accounting & Compensation John Yates, MMM Articles, Revenue Recognition Revenue recognition issues can cause disastrous problems if not addressed early in a company’s development. John Yates examines the lessons to be learned from companies that have violated the revenue recognition rules. Read More
From the Archives: “Revenue Recognition Bulletin Vol. 1 No. 1” August 10th, 2010Finance, Accounting & Compensation, Recent Legal News Contracts, Executive Search, Revenue Recognition, Revenue Recognition Bulletin, SEC By Paul Arne and Ross Albert This Morris, Manning & Martin Revenue Recognition Bulletin reviews case developments in the Rev Rec area and identifies practical suggestions for addressing these developments. On January 12, 2004, Computer Associates International (“CA”), one of the world’s largest software companies, announced that it had received a so-called “Wells Notice” from the staff of the SEC. The SEC’s Division of Enforcement issues a Wells Notice when it plans to recommend an enforcement action to Read More