Controllership Insights

Center for ControllershipTM

Providing perspectives on the latest developments facing controllers, chief accounting officers, finance leaders, and others in the controllership function.

Preparing for the new credit loss standard: Model behavior is not enough

August 23, 2017

A blog post by Jonathan Prejean, managing director, Deloitte & Touche LLP

It’s happened at least twice in the last month. When I sat down with a banking client and asked them what they were doing to prepare for the FASB’s current expected credit loss (CECL) standard, their immediate response was “we’re working on our model.” When I followed up with broader questions about the overall process and whether they had considered potential business impacts, I got a shrug...Continue reading

Beware of the never-ending contract

August 2, 2017

A blog post by Bryan Anderson, partner, Deloitte & Touche LLP

A disturbing accounting concept, which I hope becomes fake news, is percolating through certain types of industries and arrangements. It’s the view that, if you price an arrangement below its stand-alone selling price (SSP), and if there are other outstanding arrangements with the same customer, then you should combine all arrangements as one contract.…Continue reading

private yacht sailing in sea

Corporate tax reform and ACS 606: Implications of the new revenue recognition standard

July 19, 2017

A blog post by Wendy Friese, senior manager, Deloitte Tax LLP

Accounting departments are diligently working through the intricacies of the Financial Accounting Standards Board’s new revenue recognition standard, ASC 606 Revenue From Contracts with Customers, as they prepare for the application of the new standard. The standard is effective for annual reporting periods (including interim reporting periods within those periods) beginning after December 15, 2017, for public companies, and for annual reporting periods beginning after December 15, 2018, and interim reporting periods within…Continue reading


Implementation of the new revenue recognition standard: The auditor’s role

July 5, 2017

A blog post by Amy Steele, Audit & Assurance Partner, Deloitte & Touche LLP, National Office Audit & Assurance Services

The new revenue recognition standard is a huge implementation effort for many companies, and it is important that it gets done right. It shouldn’t be said at this point—less than eight months prior to the effective date for public calendar-year-end companies—that the effect is still unknown. Companies should be getting closer to the robust and quantitative disclosures that the SEC expects. Auditors can and should be onboard… Continue reading


New revenue recognition standard implementation strategy: Don’t forget your auditors!

June 21, 2017

A blog post by Amy Steele, Audit & Assurance Partner, Deloitte & Touche LLP, National Office Audit & Assurance Services

As companies get ready to implement the new revenue recognition standard (or “ASC 606”), there is no shortage of angst. There are many potential challenges: Learning a new complex model for recognizing revenue, developing and implementing new accounting policies, documenting the conversion process, implementing new controls, monitoring implementation plans, performing risk assessments, and the list goes on…Continue reading

Swimming tyre

Demand for transparent IT shared services costs: Opening the allocation black box

June 7, 2017

A blog post by Colleen Whitmore, Deloitte & Touche LLP

I recently sat down with one of my clients, a business division manager for a global industrial manufacturing company, and asked them point blank “what items are included in your allocated IT costs?” As it happened, they had a hard time answering the question. They’re not alone. Many companies I’ve worked with really don’t know either. But that is starting to change…Continue reading

Cleaning up the mess under the bed: Why intercompany accounting is increasing corporate risk

May 12, 2017

A blog post by Kyle Cheney, partner, Deloitte & Touche LLP

When I was a teenager, I wasn’t exactly the neatest person on the planet. My father had a military background and this often surfaced in his parenting style, especially when he asked me to clean my room. I had an active sports and social life that left me with limited time for such a mundane task, so my strategy was to shove all my stuff under the bed before the weekly inspection and hope no one noticed. It worked for a while—until it didn’t…Continue reading

Are you ready to administer the new lease accounting standards? (Video)

May 4, 2017

The FASB and IASB’s joint lease accounting standards, which were announced in 2016, have fundamentally changed the rules that govern accounting for substantially all leases. It’s expected that the standard will have far-reaching implications in accounting, finance and reporting, real estate, tax, technology, and other areas.

Is your organization overwhelmed by these changes? Are you struggling with where to begin? If so, you’re not alone.

View our video to learn how Deloitte can help your organization implement a lease accounting process that’s streamlined and efficient—and that can lead to significant transparency and insights.

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World-class controllership: Charting your course to success

April 18, 2017

To become world-class—and to meet the CFO’s evolving expectations—controllership must become more proficient, effective, and insightful. Where to begin?

Step 1: Evaluate your ability to deliver core responsibilities.

Step 2: Understand how to expand controllership’s scope to provide greater value to the CFO and the business.

To help support the CFO’s transition from the head of finance to a business leader, the controllership will need to shift from more traditional roles (stewards and operators) to catalysts and strategists. Read our report to learn more about the Four Faces of Controllership and Deloitte Advisory’s proprietary Controllership Navigator framework.

boat wheel

Implementing the new revenue standard (ASC 606 or IFRS 15)

April 4, 2017

A blog post by Mark Horn, principal, Deloitte Consulting LLP, and David Pierce, managing director, Deloitte Consulting LLP

In our conversations with clients about complying with the new revenue reporting standard, we’ve seen that many organizations tend to fall into three broad buckets… Continue reading

Winch with rope on sailing boat

Adopting the new revenue standard (a.k.a. the death of comparability)

March 24, 2017

A blog post by Bryan Anderson, partner, Deloitte Risk and Financial Advisory, Deloitte & Touche LLP

As they work through the adoption of the new revenue standard, more and more companies are seriously considering—or begrudgingly moving toward—a “modified retrospective” adoption decision... Continue reading


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    ​​​​Deloitte’s Center for Controllership™ provides chief accounting officers (CAOs), controllers, and their teams an opportunity to collaborate and obtain direct access to resources and research meant to help build world-class controllership capabilities.

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    Revenue recognition

    Learn about some of the key considerations and challenges companies face while implementing the new revenue standard.

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