Revenue Recognition: Principles and Practices

Frank Beil

ISBN 10: 1606495941 / ISBN 13: 9781606495940

Published by Business Expert Press, US, 2013

About this Item

Revenue is the 'top' line on the income statement and is the fundamental driver of business success. It is essential that managers and executives understand the complexities involved with recognizing revenue under Generally Accepted Accounting Principles in the U.S. Revenue Recognition is primarily concerned with two things; 1) the timing aspect (the when issue) and 2) the amount to be recorded (the how much issue). This book is principally designed for managers and executives who have organizational responsibility for delivering results in the form of 'profits' for their organizations. The book will be a comprehensive yet readable examination of the existing rules of revenue recognition for corporate entities. After reading the book the manager or executive will have a thorough understanding of how accountants measure and record revenue. This 'skill-set' will prove invaluable in understanding the impact that their business decisions will have on the Financial Statements with an emphasis on the Income Statement and the Statement of Cash Flows.

Seller Inventory # LU-9781606495940

Bibliographic Details

• Title: Revenue Recognition: Principles and Practices
• Publisher: Business Expert Press, US
• Publication Date: 2013
• Language: English
• ISBN 10: 1606495941
• ISBN 13: 9781606495940
• Binding: Paperback
• Condition: New
• Dimensions: 6W x 0.35H x 9D inches 6 inches width by 0.35 inches height by 9 inches depth
• Weight: 249 grams

About this title

Synopsis

Revenue is the 'top' line on the income statement and is the fundamental driver of business success. To understand all the complexities involved in recognizing revenue under Generally Accepted Accounting Principles (GAAP) you should primarily be concerned with two things: (a) the timing aspect (the when issue) and (b) the amount to be recorded (the how much issue). This book will provide just that--extensive guidance in assisting you with the appropriate answers and much more. This book is designed for you and all the organizational responsibility you carry for your company in order to deliver real profits. It's a comprehensive yet readable examination of the existing rules of revenue recognition for corporate entities, and after reading the book, you'll have a thorough understanding of how accountants measure and record revenue. This 'skill-set' will prove invaluable in understanding the impact that your business decisions will have on the financial statements with an emphasis on the income statement and the statement of cash flows. (It will also have an executive-level overview of the proposed 'IASB and FASB Standard: Revenue from Contracts with Customers.')

About the Author

Minneapolis, MN; Lecturer at Carlson School of Management; University of Minnesota; Frank J. Beil, CPA, CGMA is a senior lecturer in accounting at the Carlson School of Management at the University of Minnesota, where he teaches undergraduate and gradu