Talking about Revenue Recognition, may become a never ending story. Am I right ?
CFO.com on July 2, 2009 published an article titled “Revenue Recognition : Will a Single Model Fly ?. This article was written by : David McCann.
“Can U.S. and international accounting standard-setters realize their dream of fashioning a single revenue-recognition standard that would apply to all customer contracts? While the answer won't be known for some time, it's safe to say there are hurdles on the road ahead.”
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