MAVA has reached a decision on its presenters for the annual Capital Connection: http://wapo.st/mpiXEx In addition, this year’s Capital Connection will be preceded by TechBuzz which will showcase pre-revenue companies: http://tinyurl.com/3sfzjjk The local technology community has bounced back nicely over the past twelve months so this year’s Capital Connection should be quite special.
Does your business provide research and development services using a milestone arrangement? The new FASB standards in ASU 2010-17 provides guidance on defining a milestone and determining when it may be appropriate to apply the milestone method. Research and development arrangements frequently include payment provisions whereby a portion or all of the consideration is contingent […]
Submitted by Don Gutman One of the constant accounting challenges companies face is the development of an appropriate revenue recognition model for the broad array of products and services they sell to customers. We have seen many examples of public companies restating financial statements as a result of using inappropriate revenue recognition methods. A classic […]
Does your business sell a product that includes a software component that is essential to the product’s overall functionality? If so, the newly approved FASB Accounting Standards Update (ASU) (2009-14) provides guidance that will be applied prospectively for revenue arrangements entered into or materially modified for fiscal years beginning on or after June 15, 2010, […]
In April 2010 Virginia enacted legislation that may significantly help hi-tech and biotech start-ups raise capital in Virginia. SB 428 (Virginia Innovation Investment Act) Grants an income tax deduction for any income taxed as a long-term capital gain for federal income tax purposes or any income taxed as investment services partnership interest income, on or […]
Do you have multiple-deliverable revenue arrangements (MDRAs)? Do you fail the criteria in existing GAAP (EITF 00-21) to be able to separate out multiple-deliverables for revenue recognition. If so, a newly approved FASB Accounting Standards Update (ASU) (2009-13) may provide you relief and you may want to early adopt this standard for 2009. Otherwise it […]
On November 9, the Supreme Court heard oral arguments in the Bilski case that could have far reaching implications for technology patents. Computers and technology have made it increasingly difficult to apply U.S. patent law to technology advancements that could be considered non-patentable “ideas”. Bernard Bilski and Rand Warsaw are seeking to patent a method […]