Revenue Recognition Guide 2004

by Scott A. Taub

Mere mortals can usually recognize they have generated revenue when they stick it in their pockets or deposit it in their accounts. Corporations, however are special. There is often much ambiguity, confusion, and leeway in recognizing revenue from various activities; recognizing too little can reduce the perceived value of the company and so the sale or stock price, and recognizing too much can bring unwanted attention from the government and public, bankruptcy, and the quick flight of high officials to foreign countries. This annually-updated guide discusses such aspects as general principles, product and service deliverables, miscellaneous issues, contract accounting, disclosures, and future expectations and projects. It can be used to acquire CPE credits online. Annotation ©2004 Book News, Inc., Portland, OR (booknews.com)

Paperback

Published January 1, 2003