Discussion: Week 5 – 5 Step Revenue Recognition Model

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Discussion: Week 5 – 5 Step Revenue Recognition Model

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Discussion: Week 5 – 5 Step Revenue Recognition Model

Revenue recognition rules have changed from a pieces of guidance that addressed specific issues to an organized system for addressing revenue reporting issues.  

How does the 5 Step Revenue Recognition Model help companies recognize revenue? 

 

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This question is taken from Accounting 180 – Financial Analysis and Computations » Spring 2021 » Discussions