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Laying the Groundwork for Accurate Revenue Recognition
Lynne Triplett and Jacqueline Akerblom, Partners in Grant Thornton’s Accounting Principles and Assurance Groups, discuss how to identify revenue recognition pitfalls, and how to avoid them. Fundamentals in Revenue Recognition * Applicability of SOP 97-2 * Analysis of multiple element software arrangements ** Hosting arrangements ** Software ** Hardware with embedded software * Establishing and maintaining VSOE ** Post Contract Customer Support ** Consulting services
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