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| Teaching Since: | Apr 2017 |
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| Questions Answered: | 7570 |
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BS,MBA, PHD
Adelphi University/Devry
Apr-2000 - Mar-2005
HOD ,Professor
Adelphi University
Sep-2007 - Apr-2017
"Revenue Recognition"
The revised revenue recognition accounting standard employs a five-step process to achieve the core principle to recognize income upon the transfer of promised goods or services. Use the Internet or Strayer Library to research a company that bundles a product and a service. Examine income recognition of the bundled product and service for the company by addressing each step in the five-step process for revenue recognition. Give your opinion on the most critical step for accurately reporting revenue in the five-step process. Provide support for your response.
ACC----------- 30-----------5 W-----------eek----------- 2 -----------Dis-----------cus-----------sio-----------n R-----------eve-----------nue----------- Re-----------cog-----------nit-----------ion-----------