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CPA Explains Revenue Recognition Under GAAP Rule | With Examples [Video]

CPA Explains Revenue Recognition Under GAAP Rule | With Examples

Revenue recognition is figuring out when a business has actually earned its revenue. With the keyword being “earned” because it’s all about earning the revenue you record when it comes to revenue recognition rules.
Knowing when to recognize revenue is one of the reasons why we have Generally Accepted Accounting Principles (GAAP). GAAP has detailed rules for when and how to recognize revenue, and how to report it on your income statements. The most recent of these rules is ASC 606 or Accounting Standard Codification 606.

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Resources for Accountants

How to Start an Indian Restaurant Business [Video]

Discover the top 10 Tips to Starting an Indian Restaurant Business. Essential Tips for business startup success. Now you can get your free business plan template gift here: https://www.bizmove.com/business-gifts.htm - This is a high quality, full blown business plan template complete with detailed instructions and all the related spreadsheets. Allows you to easily prepare a professional business plan for your new business Also get free small business guides, tools, and worksheets at: https://www.bizmove.com

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Resources for Accountants

Negotiation Skills: How to Negotiate Salary and Benefits [Video]

Your salary and benefits is a crucial step in securing a job offer that meets your financial and professional needs. While it may seem intimidating, with the right approach and preparation, you can successfully navigate this process. In this guide, we will walk you through the steps to negotiate your salary and benefits effectively.Get free business and management guides, tools, and worksheets at: https://www.bizmove.com