1. its important to understand revenue recognition and measurement issues and detail required disclosures to...

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Accounting

1. its important to understand revenue recognition and measurement issues and detail required disclosures to revenue recognition. Why do you believe that some students of accounting have difficulty relating to the concept of accrued revenues and its application to the revenue recognition cycle? 2. Do you feel that the concept in the principle of revenue recognition has at its core the importance of whether to recognize revenue when, or as, each performance obligation is satisfied? And, does that help in its understanding?

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