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Barbara Walker

Barb Walker is a partner with MKS&H and the leader of the firm’s Frederick accounting and auditing practice. In her over 20 years at MKS&H, Barb has assisted a variety of entrepreneurial companies with their compliance and operational issues. Barb has extensive experience in various industries including construction, wholesale distribution, hospitality, manufacturing, government contracting, professional services, health care and cemetery and funeral homes.

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Recent Key Changes to Manufacturer Warranties

[fa icon="calendar'] Dec 14, 2016 1:53:07 PM / by Barbara Walker posted in Manufacturing

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Change – Some people say that’s what our country wants, and the accounting standard setters have delivered!

The change is related to accounting for warranties. The good news is that the differences between accounting for warranties under current generally accepted accounting principles and the new revenue standard are minimal. Warranty accounting itself remains unchanged, but warranties will need to be accounted for as separate performance obligations under the new standard, if they provide the customer with additional services. (A performance obligation is defined as a promise to transfer a good or service.)


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