Summary Basics of Revenue Recognition Audits
Revenue Recognition accounting is a process that depicts how sales transactions are recorded by a company in financial statements. While recording revenue, companies are mandated to comply with Generally Accepted Accounting Principles (GAAP).
Written for
- Institution
- FINC - Finance
- Course
- FINC - Finance
Document information
- Uploaded on
- January 11, 2023
- Number of pages
- 3
- Written in
- 2022/2023
- Type
- Summary
Subjects
- revenue recognition
- revenue recognition 606
- audit
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revenue recognition ifrs 15
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revenue recognition asc 606
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revenue recognition concept
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revenue recognition examples
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revenue recognition journal entries
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