Accounting for Revenues
Lynch, Luann J., B...
Accounting for Revenues
Lynch, Luann J.; Benazzo, Jack
C-2478 | Published March 6, 2024 | 12 pages Technical Note
Collection: Darden School of Business
Product Details
This technical note provides an overview of accounting for revenues. It discusses the five-step process to revenue recognition outlined in Accounting Standards Codification (ASC) 606 and applies those steps to both a simple example of the sale by a bakery and a more complex example of the sale by a software company of a bundle of services.
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