Revenue Recognition: Signed, Sealed, Delivered (and paid at a later date)

September 7, 2012

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A business is a revenue-generating machine. Revenue comes in as product goes out and the cycle continues. However, when can you claim your revenue? For most businesses, a dollar in hand isn't when revenue is booked. Instead, followers of accrual accounting count their revenue from when the sale is completed, i.e. the product or services...

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