Technology

Understanding the unpredictable and evolving world of technology requires expertise.  Our professionals have worked with companies in various sectors, including software, networking, computers, peripherals, and Internet.  Our in-depth business experience means we can provide effective, strategic solutions that are tailored to your needs.

The software industry faces a unique array of risks.  Profits are highly volatile and development cycles are fairly long.  Vendors are acutely sensitive to a market which is in a constant state of rapid change, while a myriad of other factors such as piracy and evolving standards can dramatically impact the bottom line.  In this environment, it is critical to have the support of an adviser who has extensive industry knowledge and a deep understanding of the business issues facing this fast moving industry.

Like technology markets the world over, these are being shaped by the relentless drive of technology convergence and the commoditization of products and services.  These twin drivers are placing tremendous pressure on the software and technology manufacturing industries around the globe. 

Revenue recognition is one of the most challenging areas of financial reporting.

• Statement of Position 97-2,Software Revenue Recognition, as amended (SOP 97-2), provides guidance relating to the accounting for licensing, selling, leasing, or otherwise marketing computer software.

• EITF 00-21, Revenue Arrangements with Multiple Deliverables, identifies when separation of sales arrangements for revenue recognition purposes is appropriate.