Podcasts

• Revenue recognition for multiple deliverable arrangements

• The milestone method

Revenue Recognition Topics

• Revenue recognition

• Revenue recognition methods

• Bill and hold

• Breakage

• Completed contract method

• Cost recovery method

• Cost to cost method

• Customer acceptance uncertainty

• Installment method

• Layaway sales

• Membership fee accounting

• Percentage of completion method

• Record reimbursed expenses as revenue

• Revenue at gross or net

• Revenue recognition criteria

• Services revenue recognition

• When are revenues earned?

• When to recognize revenue

Deferred and Accrued Revenue Topics

• Accrued income

• Accrued revenue

• Deferred credit

• Deferred gross profit

• Deferred revenue

• Unearned revenue

• Unrecorded revenue

Revenue Deduction Topics

• Contra revenue

• How to account for a sales discount

• Reserve for product returns

• Types of discounts

Nonprofit Revenue Topics

• Accounting for pledges

• Not-for-profit revenue recognition

Miscellaneous Revenue Topics

• How to account for customer advance payments

• How revenue affects the balance sheet

• Revenue accounts

• Sales journal entry

• Why revenues are credited

• Synthetic FOB-destination

• The difference between gross sales and net sales

• The difference between revenues and receipts

• The difference between unearned revenue and unrecorded revenue

• Why are sales a credit?

Related Terminology

• Conditional sale

• Customer deposit

• Gross revenue

• Installment sale

• Interest revenue

• Net credit sales

• Operating revenue

• Realization

• Revenue

• Revenues

• Sales revenue

• Service revenue

• Ultimate revenue