Under an accrual accounting system, the recognition of revenue is independent from when the cash is received. If cash or check is received at the time of providing the goods/services, then the revenue ...

When analysing revenue recognition under Ind AS 115 and IFRS 15, one fundamental question needs to be considered which is ...

The Financial Accounting Standards Board released a paper on how to apply its revenue recognition standard to construction ...

Example: A service delivery company undertakes a long-term project for ₹1 crore and agrees to be paid based on labour hours worked. If the total expected hours are 1,000 and 400 hours have been worked ...

This practice aligns directly with the revenue recognition principle—a fundamental part of GAAP. According to GAAP, revenue can only be recorded after it has been earned by fulfilling customer ...

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

Birchtech ( ($BCHT) ) just unveiled an update. Birchtech Corp. has announced that it will restate its financial statements for the years 2022, ...

Synder, a leading accounting automation software company, an AICPA Startup Accelerator alum, and BDO Alliance USA Products and Services Provider, has been officially recognized as a Featured App on ...