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Accounting for Point-of-Sale Financing

The introduction of point-of-sale (POS) financing has benefited both consumers and online retailers. However, POS financing can be a headache for finance teams as it adds another layer of complexity on top of existing manual processes. »

Sally Li, CPA

27 Jan 2021

ASC 606 Implications for Warranties

Due to the implications of ASC 606 on accounting for warranties, companies must classify warranties as either assurance or service-type warranties as well as allocate the transaction price evenly over the periods the warranty covers. »

Sally Li, CPA

12 Jan 2021

Opportunities for E-Commerce Companies Implementing ASC 606

E-commerce companies implementing ASC 606 have the opportunity to assess their operations and make improvements to bring added transparency and efficiency to their businesses. Some possible improvements include contract assessments, implementing scalable systems, and managing supplier relationships. »

Sally Li, CPA

17 Dec 2020

Revenue Recognition for E-Commerce Companies

Accounting teams at e-commerce companies face increasing complexity with revenue recognition, especially in regards to shipping/delivery date, suppliers, and returns. »

Sally Li, CPA

9 Dec 2020

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