Wiley Revenue Recognition: Rules And Scenarios
Wiley Revenue Recognition: Rules and Scenarios
Now fully revised and updated—the most practical, authoritative guide to every aspect of revenue recognition
Revenue is one of the most important figures to both preparers and users of financial statements—and is one of the most difficult to get right.
Now in a Second Edition, Wiley Revenue Recognition helps you confidently navigate and address the uncertainties in this intricate area of accounting. Accounting expert Steven Bragg provides not only a detailed view of the current accounting rules and regulations pertaining to revenue recognition, but also describes the exact sources of this information, how a company's treatment of revenue recognition is to be disclosed alongside the financial statements, and what policies, procedures, and controls can be used to enforce it in a consistent manner.
Filled with new examples and disclosures throughout, this invaluable guide features cutting-edge coverage of:
SEC Staff Accounting Bulletin 104, EITF 07-6, IAS 18, SIC 31, IFRIC 12,13, and 15
The concepts of sale recognition when collection is uncertain
When the right of product return exists
The new GAAP Codification references
Expanded coverage of IFRS and SEC reporting issues