Revenue Recognition Guide (2009)

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Revenue is the top line in the income statement and one of the most important figures to both preparers and users of financial statements. It is also one of the most difficult numbers in the financial statements to get right. Revenue Recognition Guide is a comprehensive reference manual covering the key concepts and issues that arise in determining when and how to recognize recognition and clarifies those revenue recognition concepts that are vague. For issues not addressed in the accounting literature, the Guide provides suggested accounting treatments that are consistent with general revenue recognition concepts and principles. The Guide also provides examples of key points, includes excerpts from the financial statements of public companies, illustrating key concepts and judgments, and discusses revenue recognition projects on the agendas of the various accounting standard-setters. Revenue Recognition Guide is organizes into 13 chapters. Within these chapters, a numbers of observations and Practice Pointers highlight key consequences of the accounting guidance and identifies issues to watch for when dealing with certain revenue transactions. SEC Registrant Alerts highlights issues that the SEC is particularly focused on, as well typically followed by non-public companies. To facilitate research, the text includes references to pertinent paragraphs of the authoritative literature addressing key points. Material can be located several ways: the Cross- References shows the chapter in which a particular pronouncement is discussed; the Index provides a quick page reference based on topic.

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Preface About the Author Chapter 1: Introduction Chapter 2: A Brief Survey of Revenue-Related Literature Chapter 3: General Principles Chapter 4: Multiple-Element Arrangements Chapter 5: Product Deliverables Chapter 6: Service Deliverables Chapter 7: Intellectual Property Deliverables Chapter 8: Miscellaneous Issues Chapter 9: Contract Accounting Chapter 10: Software???A Complete Model Chapter 11: Presentation Chapter 12: Disclosures Chapter 13: Future Expectations and Projects Cross-Reference to Original Pronouncements Index