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    New Revenue Recognition Rule | Intermediate Accounting | CPA Exam FAR | Chapter 18

    Revenue Recognition

    My video lectures about revenue recognition principle, percentage of completion method, and completed contract method can be found intermediate accounting course and CPA exam lessons. Browse from menu above.

    Intermediate accounting course

    Intermediate accounting Course

     

    The new revenue recognition standard eliminates the transaction- and industry-specific revenue recognition guidance under current GAAP and replaces it with a principle- based approach for determining revenue recognition.