Material Detail

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,...

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Keyword:: Revenue Recognition

Disciplines:

Business / Accounting / Financial

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More about this material

Material Type:: Presentation
Date Added to MERLOT:: December 26, 2014
Date Modified in MERLOT:: August 24, 2021
Author:: Gia Chevis, Baylor University
Submitter:: Susan Moncada
Primary Audience:: College Lower Division, College Upper Division
Technical Format:: Video

Mobile Compatibility:: Not specified at this time
Language:: English
Cost Involved:: No
Source Code Available:: Unknown
Accessibility Information Available:: Unknown
Creative Commons:: No

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