Please ensure Javascript is enabled for purposes of website accessibility

Accounting News Roundup: Who’s Ready for Revenue Recognition?; Deloitte’s Stalling in Booz Allen Suit; Oil & Gas Accounting | 01.27.15

Snowstorm sweeps northeast but falls short of predictions [Reuters]
Back to client service! "Some of the heaviest snowfall was recorded in parts of Connecticut and Massachusetts, while New York City's Central Park saw just 6 inches (15 cm), less than a quarter of the 'historic' snowfall that some meteorologists had predicted."

For New Revenue-Recognition Rules, It’s Ready vs. Not [CFOJ]
The new rules don't go into effect until January 1, 2017, which, some say, is not enough time: "
Last Wednesday, a group of U.S. software companies, including Adobe Systems Inc., Symantec Corp. and VMware Inc., asked the FASB for more guidance and a two-year delay."

Booz Allen nudges federal court to get moving on Deloitte lawsuit [WBJ]
They don't appreciate the stalling tactics by Deloitte.

5 Ways to Work from Home More Effectively [HBR]
If you're actually snowed in, that is. Although I especially like this: "Ernest Hemingway would try to leave in the middle of a paragraph at the end of the dayso when he sat down again, getting started wasn’t hard because he knew where it was going."

Oil Stocks are Taking a Beating — But in 10-K’s, Not So Much [Accounting Onion]
Including a recent history of O&G accounting.

How Yahoo Might Sell Billions in Alibaba Stock and Pay No Taxes [Bloomberg]
Option A: The John Malone method; Option B: The Warren Buffett method.

Man lists his Tesla Model S as an $85-a-night Airbnb room [Engadget]
It's in Phoenix. That seems about right.