Wiley Revenue Recognition (PDF)

The most practical, authoritative guide to every aspect of revenue
recognition-including Sarbanes-Oxley

Revenue recognition is one of the most important-and one of the
most difficult-figures for both preparers and users of financial
statements. Wiley Revenue Recognition helps you confidently
navigate and address the uncertainties in this intricate area of
accounting. Accounting expert Steven Bragg provides not only a
detailed view of the current accounting rules and regulations
pertaining to revenue recognition, but also describes the exact
sources of this information, how a company's treatment of revenue
recognition is to be disclosed alongside the financial statements,
and what policies, procedures, and controls can be used to enforce
it in a consistent manner.

Addressing revenue recognition from every angle with extensive
supporting examples, this invaluable guide:

* Shows how to comply with Sarbanes-Oxley by revealing key controls
over revenue recognition

* Applies revenue recognition concepts to multiple examples on every
topic

* Explores all aspects of revenue recognition, including control
systems, supported by extensive examples

* Illustrates the most complex revenue recognition concepts for
easier reader comprehension

* Provides descriptions of control points throughout the book

* Addresses revenue recognition for various industries, including
franchising, construction, motion pictures, not-for-profits, real
estate, recording and music, services, and software

Because revenue recognition rules vary both by type of transaction
as well as by industry, the chapters of Wiley Revenue Recognition
are clustered into transaction-related revenue recognition rules,
and then into industry-related revenue recognition rules. In
addition, there is coverage of:

* Long-term construction contracts

* Service revenues

* Real estate sales

* Revenue recognition from franchising operations

* Examples of revenue disclosures

Wiley Revenue Recognition is a thorough introduction to every
aspect of revenue recognition-how to account for it, report it, and
set up systems and controls to ensure that the rules are properly
followed. With practicable, workable advice, this authoritative
guide will assist you in consistently recognizing revenue in the
correct amounts, at the right time, and in accordance with
generally accepted accounting principles.