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30 Resources for

financial accounting and revenue recognition

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Conceptual framework, revenue recognition top FASAC priority list.(financialREPORTING)(Financial Accounting Standards Advisory Council ): For the fifth consecutive year, the conceptual framework and revenue recognition have topped the list of issues that Financial Accounting Standards Advisory Council FASAC members believe should be the Financial Accounting Standards Board's FASB t For the fifth consecutive year, the conceptual framework and revenue...; Tags: financial, financial accounting, Financial Accounting Standards Board, revenue recognition; Research articles 2006-12-01
First Solar, Inc. Q3 2009 Earnings Call Transcript: Question-and-Answer SessionOperator [Operator Instructions] We’ll take our first question from Steve O'Rourke, with Deutsche Bank. Steve O'Rourke – Deutsche Bank Securities Hi thank you. Just a, a first question how should we be thinking about system business gross margin going forward is there, is there a metrics you...; Tags: First Solar Inc., Call Transcript, Earnings, Question, Revenue Recognition, Financial Accounting, Operational Accounting, Investment, Benefits, Financial Services, Finance, Human Resources, Seeking Alpha; Earnings calls 2009-10-28
Financial Statement Fraud, Integrity of Financial Information Continue to Be Front-Burner Issues: Last year's financial failures highlighted some of the more egregious examples of corporate fraud. But they also brought to mind another concern: aggressive accounting. The entrepreneurial spirit of many fast-growing companies of the 1990s led some of them to use aggressive accounting, but in some cases, these methods clearly crossed...; Tags: Accounting, Financial, Financial Statement, AICPA, Fraud, Revenue Recognition, Operational Accounting, Financial Accounting, Financial Services, Finance; White papers 2003-02-06
AICPA Publishes Revenue Recognition Guidance: AICPA published Audit Issues in Revenue Recognition .The publication brings together in one source the audit and accounting guidance on revenue recognition for sales of goods and services in the ordinary course of business. Its primary objective is to help auditors fulfill their professional responsibilities with regard to auditing assertions...; Tags: Revenue, Audit, AICPA, Revenue Recognition, Operational Accounting, Financial Accounting, Financial Services, Finance; White papers 1999-01-01
Financial Statement Fraud, Integrity of Financial Information Continue to Be Front-Burner Issues: Last year's financial failures highlighted some of the more egregious examples of corporate fraud. However, they also brought to mind another concern: aggressive accounting. The entrepreneurial spirit of many fast-growing companies of the 1990s led some of them to use aggressive accounting, but in some cases, these methods clearly crossed...; Tags: Accounting, Financial, Financial Statement, AICPA, Fraud, Revenue Recognition, Operational Accounting, Financial Accounting, Financial Services, Finance; White papers 2003-02-06

SOP Issued on Software Revenue Recognition: The Accounting Standards Executive Committee has issued a statement of position on software revenue recognition that supersedes SOP 91-1. SOP 97-2 (No. 014897CLB11) is effective for transactions entered into in fiscal years beginning after Dec. 15, 1997.The SOP, which provides guidance on applying GAAP in recognizing revenue on software transactions,...; Tags: Software, Accounting, Accounting Standards Executive Committee, Tools & Techniques, Revenue Recognition, Operational Accounting, GAAP, Financial Services, Management, Finance, Financial Accounting; White papers 2002-10-04
Revenue Recognition of Stock Options and Stock Placement: This paper discusses case study of JoAnne Jones, CPA, a manager with Alan Smith & Associates, LLP, who went into the field to review the staff work on the audit of the 20X2 financials of Cybreality, Inc. When she introduced herself to client management, they urged her to expedite her...; Tags: Stock Option, Revenue, Audit, Stock, Financials, AICPA, Financial Accounting, Revenue Recognition, Investment, Finance, Financial Services; Case studies 2003-01-01
Leveraging Revenue Management Solutions: New solutions are emerging in the revenue management space that enable firms to better manage and influence revenue streams. CFOs are making financial accuracy a top priority. Concurrently, accounting regulations for revenue recognition have been changing, particularly in the technology/software sector. Ongoing Financial Accounting Standards Board FASB rulings that will...; Tags: Revenue, Financial, Revenue Management, Revenue Recognition, Operational Accounting, Financial Accounting, Financial Management, Financial Services, Finance, Financial Planning; White papers 2002-12-01
Notes To Consolidated Financial Statements: This article presents the policies which are adopted by International Business Machines Corp. regarding consolidation of its annual accounts, the appropriate use of estimates in accounting, the revenue recognition in terms of services, hardware business, software business, financing and multiple element arrangements. Further, it describes the policies adopted by the...; Tags: Financial, IBM Lotus Notes, Financial Statement, Hardware, IBM Corp., Revenue Recognition, Financial Statements, Operational Accounting, Financial Accounting, Financial Services, Finance; White papers 2003-01-01
Issues Relating To The Recognition of Revenues And Liabilities: Revenue usually is the largest single item in financial statements and studies indicate that revenue recognition is the single largest category of financial statement restatements. Consequently, issues involving revenue recognition are among the most important - and the most difficult - that standard setters and accountants face. This proposal discusses...; Tags: Revenue, Financial, Financial Statement, Financial Accounting Foundation, Financial Statements, Financial Accounting, Revenue Recognition, Financial Planning, Operational Accounting, Finance, Financial Services; White papers 2003-01-01
Revenue Recognition: What Is A Sale, And When Do You Book It?: Financial accounting involves the systematic recording, reporting, and analysis of financial transactions of a business. Most accounting systems have the capability of presenting an accurate picture of the financial performance of organizations. However, sometimes, there do exist some loopholes. Some vested interests distort data and are instrumental in convoluting the...; Tags: Revenue, Pearson Education Inc., Financial, Financial Accounting, Revenue Recognition, Finance, Financial Services; White papers 2003-08-29
Revenue Recognition, Reporting Discretion And Aggregation In Contracting: From the executive summary: ‘The paper uses a two period principal-agent model to compare the value of financial statement information in contracting under two accounting standards: Market Value MV and Historical Cost HC. HC and MV accountings differ because the manager may report discretionary income under MV but not under...; Tags: Revenue, Accounting, Financial Statement, Columbia University, Income, Operational Accounting, Financial Statements, Revenue Recognition, Financial Planning, Financial Accounting, Financial Services, Finance; White papers 2002-10-01
Draft EITF Consensus On "Multiple Deliverables" Would Change Revenue Recognition: The mission of the Emerging Issues Task Force EITF is to improve financial reporting through the timely identification, discussion, and resolution of financial accounting issues within the framework of existing authoritative literature. The Financial Accounting Standards Board FASB formed the EITF. The EITF has formed a consensus on the methodology...; Tags: Revenue, KPMG International, Consensus, Emerging Issues Task Force, Revenue Recognition, Financial Accounting, Operational Accounting, Financial Services, Finance; White papers 2002-10-01
Avoiding Revenue Restatements: Revenue Recognition In The World Of Sarbanes-Oxley: From the executive summary: ‘Financial and accounting practices at America's corporations are under intense scrutiny, and every technology company, large and small, is impacted. Recent legislation, such as the Sarbanes-Oxley Act, now pressures executives to examine and find ways to limit corporate risk, and focus attention on corporate governance.' The...; Tags: Revenue, Sarbanes-Oxley Act, Softrax, Sarbanes-Oxley, Regulatory Compliance, Revenue Recognition, Operational Accounting, Regulations, Corporate Governance, Government, Financial Accounting, Finance, Human Resources, Policies And Procedures, Financial Services, Business Operations, Corporate Law; Webcasts 2003-05-01
Sarbanes-Oxley's Effects On Internal Controls For Revenue: From the executive summary: ‘The Sarbanes-Oxley Act addresses perceived weaknesses in internal controls Internal controls refer to the systems a public company employs to collect, process, and disclose financial information to satisfy its statutory reporting requirements. Recent corporate and accounting frauds have demonstrated the inadequacy of internal controls with regard...; Tags: Revenue, Internal Control, Sarbanes-Oxley Act, New York State Society Of Certified Public Accountant, Revenue Recognition, Sarbanes-Oxley, Regulatory Compliance, Operational Accounting, Financial Services, Regulations, Government, Financial Accounting, Finance, Human Resources, Policies And Procedures; White papers 2003-04-01
FASB's New Agenda: From the executive summary: ‘When it comes to revenue recognition, the Financial Accounting Standards Board says examples of the issues that will be explored include revenue arrangements involving multiple products or services, and the effect on revenue recognition of customer rights of return. Revenue recognition is the largest single category...; Tags: Revenue, CFO Publishing Corp., Financial, Financial Accounting Standards Board, Revenue Recognition, Operational Accounting, Financial Statements, Financial Accounting, Financial Services, Finance; White papers 2002-01-16
The Effects of Limiting Accounting Discretion on the Informativeness of Financial Statements: Evidence From Software Revenue Recognition: This paper examines the effects on the informativeness of software companies' financial statements of limiting the amount of discretion with respect to software revenue recognition following the issuance of Statement of Position 91-1 in 1992. The requirement that companies adopt SOP 91-1 by restating earnings for prior periods allows to...; Tags: Software, Accounting, Financial, Stanford University, Financial Statement, Discretion, Revenue Recognition, Financial Statements, Operational Accounting, Financial Accounting, Financial Planning, Tools & Techniques, Financial Services, Finance, Management; White papers 2001-01-01
Fundamental Revenue Recognition Principle: This paper in general provides an insight to the Fundamental Revenue Recognition Principle. A reporting entity should recognize revenues in the accounting period in which they arise and measure them at their fair value on the date that they arise if it can determine both their occurrence and measurement with...; Tags: Revenue, Accounting, Financial Accounting Standards Board, Revenue Recognition, Operational Accounting, Financial Accounting, Financial Services, Finance; White papers 2004-03-24
Exporters Get a Lesson in Revenue Recognition: In the wake of the passage of Sarbanes-Oxley, exporters are faced with new accounting complexities. In particular, the legislation raises the issue of when exporters may recognize revenue for goods shipped to another party. For exporters looking to recognize their sale of goods at point of export, an insurance policy...; Tags: Revenue, Goods, Accounting, Aon Corp., Revenue Recognition, Operational Accounting, Insurance, Financial Planning, Sarbanes-Oxley, Financial Services, Finance, Business Operations, Corporate Insurance, Regulations, Government, Financial Accounting; White papers 2005-06-17
Revenue Recognition Disclosures in the Pharmaceutical Industry July 2005: This document serves as a benchmarking tool for revenue recognition disclosures in the pharmaceutical industry. The first section of this document accumulates the Critical Accounting Policies disclosed in Annual Reports of selected companies (generally their Management Discussion & Analysis section) and is followed by a section displaying the Revenue Policies...; Tags: Revenue, Revenue Recognition, Operational Accounting, Financial Statements, Financial Services, Finance, Financial Accounting; White papers 2005-08-08