Resources
BNET Resources
- sort by:
- Relevance
- Date
- Popularity
- Red Hat Announces Plan to Change Method of Revenue Recognition for Subscription Agreements and to Restate Financial Statements to Reflect Change
- RALEIGH, N.C. -- Red Hat Inc. (NASDAQ:RHAT):
- Research articles 2004-07-13
- SEC's staff accounting bulletin 101: Revenue recognition in financial statements
- The US. Securities & Exchange Commission, as a matter of policy, disclaims responsibility for any private publication or statement by any of its employees. The views expressed herein are those of the author, and do not necessarily reflect the views of the Commission or the author's colleagues upon the staff...
- Research articles 2001-01-01
- 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. 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...
- White papers 2003-02-06
- 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...
- White papers 2003-02-06
- 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...
- 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...
- White papers 2003-01-01
- 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...
- White papers 2002-10-01
- 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...
- White papers 2001-01-01
- Defending Managed Earnings Cases by Understanding Revenue Recognition
- In sum, the consequences of improper revenue recognition in corporate financial statements can be catastrophic. Courts have found that corporate financial statements that improperly recognize revenue and fail to conform to GAAP constitute presumptively false and misleading statements and violate Rule 10b-5.14 But distinguishing what is permitted from what is...
- White papers 2004-07-09
- TAM Addresses SAB 101 Revenue Recognition Issues
- In December 1999, the SEC issued Staff Accounting Bulletin SAB 101, Revenue Recognition in Financial Statements, to provide guidance on revenue recognition for publicly traded companies. The paper offered a range of fact patterns with conclusions on the proper timing of revenue recognition for financial statement purposes. As a result...
- White papers 2003-07-01
- Revenue Recognition: A Perennial Problem
- With most companies having completed their first internal control attestation - and thus, with less demanding focus on Sarbanes-Oxley Section 404 at least in the short run - attention for many is shifting to revenue recognition. The topic is still a main priority for standard-setters and regulators, as well as...
- White papers 2005-07-01
- SEC Staff Accounting Bulletin No. 101--Revenue Recognition in Financial Statements (2000).(Securities and Exchange Commission)
- An analysis is presented of the views of the staff of the Securities and Exchange Commission SEC on revenue recognition requirements of generally accepted accounting principles to be used in financial reporting. Registrant companies face a signific An analysis is presented of the views of the...
- Research articles 2001-10-01
Additional Resources
- FASB and IASB convergence: impacts on the industry
- In February 2006, the Financial Accounting Standards Board FASB and the International Accounting Standards Board IASB released a memorandum of understanding renewing their commitment to the convergence of U.S. and international accounting standards and identifying current convergence projects. The convergence efforts between the Boards have the potential to significantly...
- Research articles 2008-02-27
- Revenue Recognition : More Stringent Rules on the Horizon
- Determining and reporting revenues are among the most critical issues in financial reporting. Indeed, the timing of revenue recognition affects both the top and bottom lines of the income statement as well as the balance sheet. Such timing can have a significant impact on share prices as investors compare actual...
- White papers 2001-12-01
- Subtle Issues in Revenue Recognition
- The article illustrates the fact that concerns related to the recognition of revenue in accordance with GAAP have risen in significance. Not only the fraudulent acts of recording revenue improperly through sham transactions, but subtler practices, such as recognizing revenue before it is earned, have drawn more intense regulatory scrutiny....
- White papers 2001-03-01
- The Revenue Recognition Project
- In May 2002, the FASB added a project on revenue recognition to its technical agenda. That project will develop a comprehensive Statement of Financial Accounting Standards that applies to all industries. Comprehensive guidance on revenue recognition has not previously been developed in the United States. Instead, a variety of standard-setting...
- White papers 2002-12-24
- Revenue Recognition Revolutionized
- The Brave New World of RFID Chips Years ago, the "ka-ching" of a cash register signaled the appropriate time to recognize revenue. With the advent of radio frequency identification RFID chips, revenue recognition in the future may be signaled by a "beep." Advances in technology, such as RFID...
- Research articles 2006-07-01
- Revenue Recognition
- Revenues are inflow of assets into an organization due to production and delivery of goods or service. Revenue recognition is the process of formally recording an item in the financial statement of the organization. It is the process of identifying sources of revenue and documenting the same. The revenues are...
- White papers 2003-01-01
- Revenue Recognition: Now, Later or Never? If You Skirt Revenue Recognition Rules - It's Fraud
- The issues that bear upon the details of how, when and in what amount revenue should be recognized are broad and extremely deep. When it comes to identifying transactions where revenue recognition exists, there are plenty of issues and rules governing the proper accounting treatment auditors and accountants should follow....
- White papers 2003-09-24
- Revenue Recognition
- In any business transaction, revenues either are realized or are realizable. Revenues are realized when a product or service is exchanged for cash or cash-related receivables. Revenues are realizable when a product or service is exchanged for cash-convertible assets. Revenue recognition is the process of formally recording an item in...
- White papers 2003-01-01
- << Previous
- page 1 of 1
- Next >>
