Revenue recognition: More stringent rules on the horizon
- Patching things up. Paterson, Ron // Accountancy;Apr2003, Vol. 131 Issue 1316, p94
Reports on the value of the revenue recognition principle to the accounting practice in Great Britain. Compliance with the international standards; Expression of revenue into the profit and loss account; Design to combat off balance sheet finance.
- Amendment to FRS 5‘Reporting the Substance of Transactions’:Revenue Recognition ED. Buchanan, Andrew // Accountancy;Apr2003, Vol. 131 Issue 1316, p97
Presents the exposure draft to amend the Financial Reporting Standard 5 with the addition of an Application Note on revenue recognition in Great Britain. Emphasis on the recognition of changes in assets and liabilities; Treatment of exchange transactions reported as turnover; Guidance for...
- The European watchdog starts to bite. Tutt, Nigel // Accountancy;May86, Vol. 97 Issue 1113, p16
Reports on the annual report of the European Court of Auditors on European Economic Community accounts for 1984. Annual common market income, expenditure and balance sheet; Differences in national approaches to collecting community revenue through value-added tax systems; Sources of revenues;...
- Marketing Incentive Changes Create Implementation Challenges. Herm, Michael R. // Pennsylvania CPA Journal;Winter2002, Vol. 72 Issue 4, p16
Focuses on issues related to revenue recognition in financial statements. Consensus agreed by the Emerging Issues Task Force; Impact of the issues on the classification of marketing incentives used by consumer product companies; Need for a complete review of an organization's sales and marketing...
- SAB 101'S REQUIREMENTS FOR REVENUE RECOGNITION. Moody, Lailani; Illiano, Gary // CPA Journal;May2000, Vol. 70 Issue 5, p68
Deals with the Staff Accounting Bulletin (SAB) 101, Revenue Recognition in Financial Statements, issued in response to the United States Securities and Exchange Commission's concerns over financial reporting abuses. Prerequisites for revenue recognition; Persuasive evidence of an arrangement;...
- ANALYSTS' CHOICE. // Dow Theory Forecasts;9/3/2007, Vol. 63 Issue 36, p8
No abstract available.
- Another Year, More Restatements. // Treasury & Risk Management;Feb2003, Vol. 13 Issue 2, p9
Assesses the revenue growth of companies in the financial restatement filed at the Securities and Exchange Commission in the U.S. Restatements of several companies in the country; Annual reports of the companies; Problems revenue recognition.
- Revenue Recognition: Judgment in the Spotlight. Conrod, Joan // Canadian Accounting Perspectives;2005, Vol. 4 Issue 2, p229
This paper examines recent history in the area of revenue recognition in financial reporting by Canadian public companies. Revenue recognition is critical because of the profound impact this accounting policy has on the financial statements, but it can be highly judgmental. Restatement of public...
- Analysis and Implementation. Weiss, Judith // GAAP Update Service;8/15/2009, Vol. 9 Issue 15, p1
The article presents the August 2009 issue of "Emerging Issues Task Force" which examines the revenue arrangement with multiple deliverables in the U.S. It states that the issue addresses how to determine the unit of accounting of multiple deliverables. It also offers guidance concerning the...