Under an accrual accounting system, the recognition of revenue is independent from when the cash is ... resulting from assessments other than those on exchange transactions. Examples include fines and ...

For example, Microsoft Corporation (MSFT ... This practice aligns directly with the revenue recognition principle—a fundamental part of GAAP. According to GAAP, revenue can only be recorded ...

Accounting related to revenue recognition issues has been one of the thornier subjects tripping up report preparers in recent years.