Wiley Revenue Recognition: Rules and Scenarios / Edition 1

Wiley Revenue Recognition: Rules and Scenarios / Edition 1

by Steven M. Bragg
ISBN-10:
0471788120
ISBN-13:
9780471788126
Pub. Date:
04/27/2007
Publisher:
Wiley

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Overview

Wiley Revenue Recognition: Rules and Scenarios / Edition 1

The most practical, authoritative guide to every aspect of revenue recognition—including Sarbanes-Oxley

Revenue recognition is one of the most important—and one of the most difficult—figures for both preparers and users of financial statements. Wiley Revenue Recognition helps you confidently navigate and address the uncertainties in this intricate area of accounting. Accounting expert Steven Bragg provides not only a detailed view of the current accounting rules and regulations pertaining to revenue recognition, but also describes the exact sources of this information, how a company's treatment of revenue recognition is to be disclosed alongside the financial statements, and what policies, procedures, and controls can be used to enforce it in a consistent manner.

Addressing revenue recognition from every angle with extensive supporting examples, this invaluable guide:

  • Shows how to comply with Sarbanes-Oxley by revealing key controls over revenue recognition
  • Applies revenue recognition concepts to multiple examples on every topic
  • Explores all aspects of revenue recognition, including control systems, supported by extensive examples
  • Illustrates the most complex revenue recognition concepts for easier reader comprehension
  • Provides descriptions of control points throughout the book
  • Addresses revenue recognition for various industries, including franchising, construction, motion pictures, not-for-profits, real estate, recording and music, services, and software

Because revenue recognition rules vary both by type of transaction as well as by industry, the chapters of Wiley Revenue Recognition are clustered into transaction-related revenue recognition rules, and then into industry-related revenue recognition rules. In addition, there is coverage of:

  • Long-term construction contracts
  • Service revenues
  • Real estate sales
  • Revenue recognition from franchising operations
  • Examples of revenue disclosures

Wiley Revenue Recognition is a thorough introduction to every aspect of revenue recognition—how to account for it, report it, and set up systems and controls to ensure that the rules are properly followed. With practicable, workable advice, this authoritative guide will assist you in consistently recognizing revenue in the correct amounts, at the right time, and in accordance with generally accepted accounting principles.

Product Details

ISBN-13: 9780471788126
Publisher: Wiley
Publication date: 04/27/2007
Edition description: Older Edition
Pages: 192
Product dimensions: 7.50(w) x 9.10(h) x 0.40(d)

Table of Contents

1 Revenue Recognition General Principles and Systems 1

2 Revenue Recognition Under International Financial Reporting Standards 39

3 Revenue Recognition When Collection Is Uncertain 63

4 Revenue Recognition When Right of Return Exists 75

5 Revenue Recognition for Multiple Deliverables 81

6 Revenue Recognition in Franchising 89

7 Revenue Recognition for Long-Term Construction Contracts 99

8 Revenue Recognition for Motion Pictures 123

9 Revenue Recognition for Not-for-Profits 131

10 Revenue Recognition on Real Estate Sales 135

11 Revenue Recognition for Recording and Music 165

12 Revenue Recognition for Services 167

13 Revenue Recognition for Software 183

14 Other Revenue Recognition Accounting Topics 191

Index 201

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