【单选题】The rule that (1) requires revenue to be recognized at the time it is earned, (2) allows the inflow of assets associated with revenue to be in a form other than cash, and (3) measures the amount of revenue as the cash plus the cash equivalent value of any noncash assets...
The rule that (1) requires revenue to be recognized at the time it is earned, (2) allows the inflow of assets associated with revenue to be in a form other than cash, and (3) measures the amount of revenue as the cash plus the cash equivalent value of any noncash assets received fr...
Recall the conditions for revenue recognition. Conditions (1) and (2) state that revenue would be recognized when the seller has done what is expected to be entitled to payment. Therefore, revenue is recognized as either: At a point in time; or Over time In the example above, the revenue...
Revenue Recognition is the accounting rule that defines revenue as an inflow of assets, not necessarily cash, in exchange for goods or services and requires the revenue to be recognized at the time, but not before, it is earned. You use revenue recognition to create G/L entries for income ...
aMoving forward, it would be easier for a single point of contact with Jacky for the revenue to be recognized by GT since Jacky has been briefed on the various types of historical sales. 因为Jacky在历史销售的各种各样的类型简报了前进,单点联络与Jacky为了收支能由GT认出是容易。[translate]...
Project revenue rules rely on charge rules to determine the amount of revenue to be distributed. The type of project revenue rule you create is determined by how you want the revenue to be recognized. A labor based project revenue rule recognizes the revenue created from time tracked on your ...
The revenue recognition principle states that revenue should be recognized and recorded when it is realized or realizable and when it is earned. In other words, companies shouldn’t wait until revenue is actually collected to record it in their books. Revenue should be recorded when the business...
collection is large, GAAP will not allow a sale, and therefore a receivable, to be recognized ...
Oracle Receivables - Version 12.1.3 and later: AutoInvoice: APP-AR-11228: Please Define All Periods in which Revenue is to be Recognized
Public companies are required to report their financial statements based on GAAP accounting. Revenue recognition is one of the principles associated with GAAP reporting. This principle means that revenue must be recognized at the moment it is earned. This is an important consideration for two reasons...