On the recent Q3 earnings call, General Electric [GE] pledged to simplify adjusted EPS (Earnings Per Share) numbers that are being reported to investors. Among other things, Jamie Miller, the incoming CFO of GE, plans to move off reporting industrial and … Continue reading
Author Archives: Derryck Coleman
SEC Provides Relief for Registrants Affected by Hurricanes
The regulatory obligation to timely file SEC forms is normally considered to be a top priority for public companies and for the people who follow them. But when faced with the catastrophic effects of more than one major hurricane in … Continue reading
ASC 606 Adoption Progress – Q2 Update
For the past year, we have been monitoring the progress made by U.S. public companies towards implementation of the new revenue recognition standard known as ASC 606. In December 2016, we looked at companies who were planning to early-adopt the … Continue reading
Ranking the Equifax Data Breach
Equifax [EFX] is the latest casualty of a massive data breach. Equifax recently disclosed that a cybersecurity incident may have affected 143 million U.S. consumers. According to Equifax, the incident occurred between May and July 2017. The breached information included names, … Continue reading
How Fiscal Year Ends Impact Adoption of ASU 2014-09
For the vast majority of Russell 3000 companies, the deadline to adopt new revenue recognition accounting guidance is fast approaching. Some issuers, however, have more than another whole year to prepare. ASU 2014-09, “Revenue from Contracts with Customers” (codified as ASC … Continue reading
Cybersecurity Experts on the Board of Directors
Cyber breaches are still going strong. Each year seems to be dubbed the new “Year of the Breach.” With 60 breaches of publicly traded companies, including one of the largest breaches of all time at Yahoo, 2016 was no different. … Continue reading
Gift Card Breakage – (ASC 606)
ASC 606, effective for fiscal periods beginning after December 15th, 2017, is changing the way companies recognize revenue from contracts with customers. For some industries, the changes are going to be dramatic. For others, such as retail, only limited impact … Continue reading