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 ...

Until last year, revenue recognition had been the most common GAAP violation alleged since Cornerstone first began tracking ...

This is “netting revenue against expense” and is a violation of GAAP. The Revenue Definition and Recognition section of OUC's Accounting Handbook provides guidance on revenue accounting for CU. The ...