New Q&As on Software Revenue Recognition


The AICPA has released another set of technical questions and answers (Q&As) on Statement of Position (SOP) 97-2, Software Revenue Recognition. The Q&As are available on the Institute’s Web site ( www.aicpa.org/members/div/acctstd/general/othitem.htm ). A print version will be included in the next edition of the AICPA’s Technical Practice Aids, which will be available this summer.

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What RPA is and how it works

Robotic process automation is like an Excel macro that can work on multiple applications, says Danielle Supkis Cheek, CPA. RPA can complete routine, repetitive tasks such as data entry, freeing up employee time from lower-level chores.