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Revenue Recognition Best Practices for SaaS Companies

Blake Brunson . December 11, 2018

Embark isn’t here to convince you how impactful Software-as-a-Service (SaaS) is to modern commerce because you probably already know. In fact, on the grand scale of business innovations to hit the market in the last decade, it’s pretty darn close...

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Tagged: revenue recognition

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ASC 606 Revenue Recognition Template

Clancy Fossum . June 12, 2018

Remember that time you moved into a new apartment, realized you needed a new kitchen table to replace your old one made in antiquity, and immediately headed to that smartly-priced Swedish furniture megastore? You were so proud of yourself and...

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Tagged: revenue recognition, ASC 606

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Real Estate and ASC 606: New Rev Rec Standards

Clancy Fossum . May 17, 2018

The people have spoken and we, your friendly dispensers of financial wisdom, have listened. Yes, real estate industry, your long and painful wait is finally over as Embark is lending our sage insights to the intricacies of the new revenue...

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Tagged: revenue recognition, ASC 606, real estate

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ASC 606 Rev Rec Standard Impacts Life Sciences Industry

Clancy Fossum . December 05, 2017

Have you ever found yourself wandering through the cavernous halls of an art museum — maybe for a moment of deep introspection, may be to ditch your boss on a particularly unnerving Tuesday afternoon — and stumbled upon a gawking audience...

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Tagged: revenue recognition, ASC 606, life sciences

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ASC 606 Rev Rec Standard Impacts Manufacturing Industry

Clancy Fossum . November 29, 2017

Your friends at Embark love movies. While space adventures, historical dramas and sci-fi mind benders are some of our favorites, a good thriller featuring a detective with an eye for minutiae and a cranky disposition just might be our top choice.

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Tagged: manufacturing, revenue recognition, ASC 606

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Methods of Implementing ASC 606: Big-4, Boutique Consulting, or Internal [infographic]

Clancy Fossum . November 09, 2017

 

Can you hear the ASC 606 drumbeat getting louder with each new day? Although your comrades over here at Embark try not to boast, we must admit we’ve been warning you about the new revenue recognition standards for a good amount of time now.

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Tagged: revenue recognition, boutique consulting firm

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Choose an ASC 606 Adoption Method: Modified or Full Retrospective

Clancy Fossum . October 30, 2017

If you have any friends or family that are teachers, you've probably heard most of their stories, both good and bad, a thousand times. Whether they teach grade school, middle school or high school, however, there seems to be one adage that always...

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Tagged: revenue recognition, ASC 606

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ASC 606 Revenue Recognition Timeline [Infographic]

Clancy Fossum . October 26, 2017

You must admit that your colleagues here at Embark are persistent. Whatever your preferred cliché might be – the squeaky wheel gets the grease, the barking dog gets fed, the insistent accountant remains compliant (fake but apropos) – we have...

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Tagged: revenue recognition, ASC 606

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New Revenue Recognition Standard Impacts Oil & Gas Industry

Clancy Fossum . October 09, 2017

For our friends and colleagues in the oil and gas industry that think they will be escaping the hungry jaws of ASC 606 relatively unscathed, Embark has some good news and bad news. While it is certainly true that other industries, technology and...

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Tagged: revenue recognition, oil & gas

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The Quick Guide to Changes in Revenue Recognition ASC 606

Clancy Fossum . September 07, 2017

Changes to accounting standards have a way of turning everyone, at least temporarily, into a flock of Chicken Littles. While the recent tweaks to revenue recognition in ASC 606 certainly warrant your attention, we are here to tell you that the...

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Tagged: revenue recognition

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