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Revenue Recognition Video

Revenue Recognition Video

This six minute animated video explains how to recognize revenue by illustrating FASB's 5-step process (contract identification, performance obligation identification, transaction price determination, transaction price to performance obligation allocation, and satisfcation of performance obligation for revenue recognition).  Construction company and grocery store analogies are used.  The free  video is available from the KPMG, LLP., and requires registration with an email address and password.

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