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2. Vendor-specific objective evidence - Wikipedia

   en.wikipedia.org/wiki/Vendor-specific_objective...

   In accounting practices, vendor-specific objective evidence (VSOE) is a method of revenue recognition allowed by US GAAP that enables companies to recognize revenue on specific items on a multi-item sale based on evidence specific to a company that the product has been delivered.

3. Percentage-of-completion method - Wikipedia

   en.wikipedia.org/.../Percentage-of-Completion_method

   The accounting for long term contracts using the percentage of completion method is an exception to the basic realization principle. This method is used wherein the revenues are determined based on the costs incurred so far. The percentage of completion method is used when: Collections are assured; The accounting system can: Estimate profitability

4. Revenue recognition - Wikipedia

   en.wikipedia.org/wiki/Revenue_recognition

   In accounting, the revenue recognition principle states that revenues are earned and recognized when they are realized or realizable, no matter when cash is received. It is a cornerstone of accrual accounting together with the matching principle. Together, they determine the accounting period in which revenues and expenses are recognized. [1]

5. Generally Accepted Accounting Principles (United States)

   en.wikipedia.org/wiki/Generally_Accepted...

   Revenue recognition principle: holds that companies should record revenue when earned but not when received. The flow of cash does not have any bearing on the recognition of revenue. This is the essence of accrual basis accounting. Conversely, however, losses must be recognized when their occurrence becomes probable, whether or not it has ...

6. Installment sales method - Wikipedia

   en.wikipedia.org/wiki/Installment_Sales_Method

   The installment sales method is one of several approaches used to recognize revenue under the US GAAP, specifically when revenue and expense are recognized at the time of cash collection rather than at the time of sale. [1] Under the US GAAP, it is the principal method of revenue recognition when the recognition occurs subsequently to the sale. [2]

7. Completed-contract method - Wikipedia

   en.wikipedia.org/wiki/Completed-contract_method

   The Completed-contract method is an accounting method of work-in-progress evaluation, for recording long-term contracts. GAAP allows another method of revenue recognition for long-term construction contracts, the percentage-of-completion method. With this method, revenue is recognized when the contract is fulfilled.

8. Read the Transcript of Trump's Person of the Year Interview - AOL

   www.aol.com/read-transcript-trumps-person...

   As an example, they really don't want to see men playing in women's sports. You can have a—and this is one: They don't want to see, as another example, open borders. They want to see people come in.

9. Materiality (auditing) - Wikipedia

   en.wikipedia.org/wiki/Materiality_(auditing)

   These include single-rule methods and variable size rule methods. [14] Single rule methods: 5% of pre-tax income; 0.5% of total assets; 1% of equity; 1% of total revenue. "Sliding scale" or variable-size methods: 2% to 5% of gross profit if less than $20,000; 1% to 2% of gross profit, if gross profit is more than $20,000 but less than $1,000,000;