Lynda – Running a Profitable Business: Revenue Recognition
English | Size: 590.27 MB (618,941,854 bytes)
Category: Economics / Finance
Revenue recognition determines when a sale should be recorded: This month or next month? This year or next year? This seems like an easy question until you consider situations in which a company sells a package of goods and services for one joint
price, aka multi-element transactions. But without recognizing revenue, a company can’t hope to report any profit.
Accordingly, company management is typically under great pressure to recognize revenue as soon as possible. Want to understand these concepts better? Join professors Jim and Kay Stice as they introduce the theory, practice, and implications
of revenue recognition.
* Defining revenue recognition
* Timing revenue recognition
* Understanding multi-element transactions
* Valuing companies
* Reviewing the great revenue frauds and scandals of history
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