Author Archives: Russell Naisbitt

Avoid the Rev Wreck

Avoiding a Revenue “Wreckognition” Nightmare- How the new Revenue Recognition Standard Could Impact Debt Covenants The way entities recognize revenue and certain expenses associated with obtaining or fulfilling contracts is changing as a result of the new revenue recognition accounting standard (ASC Topic 606).  It is important that entities understand the impact of these changes …

Revenue Recognition and M&A Transactions

How the New Revenue Recognition Standard Affected a Recent M&A Transaction In late 2017 vcfo Houston Practice Manager, Russell Naisbitt, enjoyed the opportunity to serve as transaction CFO for the sale of a small SaaS software company to a much larger publicly-traded company.  The Seller had wisely put together a deal team to represent them …