TAILIEUCHUNG - Ch05_Income.Measurement_and_Profitability.Analysis

5-1Chapter 5Income Measurement the general objective of the timing recognition, list the two that must be satisfied before be recognized, and explain why usually are satisfied at a specific time5-3SEC Staff Accounting Bulletin No. SEC issued Staff Accounting . 101 to crackdown on . The bulletin guidance to determine if principle is satisfied:.1. Persuasive evidence of an arrangement exists2. Delivery has occurred or services have . The seller’s price to the buyer is fixed . Collectibility is reasonably assured5-4Learning the installment sales and methods of recognizing revenues installment sales and explain conditions under which these be used5-5Significant Uncertainty of CollectibilityWhen uncertainties exist, is delayed1. Installment Sales . Cost Recovery Method. | 5-1 Chapter 5 Income Measurement and Profitability Analysis 5-2 Learning Objectives Discuss the general objective of the timing of revenue recognition, list the two general criteria that must be satisfied before revenue can be recognized, and explain why these criteria usually are satisfied at a specific point in time. 5-3 SEC Staff Accounting Bulletin No. 101 The SEC issued Staff Accounting Bulletin No. 101 to crackdown on earnings management. The bulletin provides additional guidance to determine if the realization principle is satisfied: 1. Persuasive evidence of an arrangement exists. 2. Delivery has occurred or services have been performed. 3. The seller’s price to the buyer is fixed or determinable. 4. Collectibility is reasonably assured. 5-4 Learning Objectives Describe the installment sales and cost recovery methods of recognizing revenues for certain installment sales and explain the unusual conditions under which these methods might be used. 5-5 Significant Uncertainty of Collectibility When uncertainties about collectibility exist, revenue recognition is delayed. 1. Installment Sales Method 2. Cost Recovery .

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