管理会计 Chapter_5.pptVIP

Revenue and Monetary Assets 5 Operating Cycle Cash-to-cash. Receive cash from customer Purchase materials/services pay cash Convert materials/services to salable product Store product Sell product Receive cash from customer Revenue recognition: When? (Timing) How much? (Amount) At one point in revenue cycle (objectivity). Criteria: When? Earned (Conservatism) Normally, goods shipped. Service performed. How much? Realized or realizable (Realization). Already collected or collectible. Amount can be measured reliably. Next step: matching costs. SEC SAB 101: Criteria forRevenue Realized Earn