For example, while manufacturers like food and ... For non-profit organizations, gross receipts account for donations. Revenue recognition takes place once a company receives cash from the sale ...

Under an accrual accounting system, the recognition of revenue is independent from when the cash is received ... GASB 33 ¶7.b. describes imposed nonexchange revenues as those resulting from ...

The Financial Accounting Standards Board released a post-implementation review Monday of its revenue recognition standard, reflecting on the benefits and costs of the wide-ranging standard a decade ...