The Roadmap to Accurate Revenue Recognition

One of the foremost authorities on Revenue Recognition, Dr. Ashwinpaul “Tony” Sondhi, member of the Emerging Issues Task Force (EITF) of the Financial Accounting Standards Board (FASB), and co-author of the 2007 Revenue Recognition Guide, provides updates on current revenue recognition issues - Extended Payment Terms (EPT) and Concessions SOP 97-2 and revenue recognition in an EPT Arrangement Overcoming the presumption that the Fee in an EPT Arrangement is not fixed or determinable Review of related Technical Practice Aids (TPAs) Subsequent cash receipts in an EPT Arrangement Comments on EPT and Concessions in SOP 81-1 Arrangements