EP_41: Revenue Recognition Under GAAP and ASC 606

Let's Talk About Business, Accounting and Finance - A podcast by V.R.N.

Welcome to today's lecture on revenue recognition, a cornerstone of financial reporting that determines when and how revenue is recognized on financial statements. Accurate revenue recognition is critical for providing stakeholders with a true picture of a company’s financial health. Today, we’ll focus on the principles and rules of revenue recognition under Generally Accepted Accounting Principles (GAAP), with a special emphasis on the ASC 606 standard.Advertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy