In response to practices by major U.S. corporations, the SEC and the FASB initiated major revenue recognition projects. This commentary examines the accounting for long‐term contracts, an aspect of revenue recognition often overlooked in academic research. The exploratory study reported here describes current practices and disclosures about long‐term contracts by Fortune 500 corporations, examines the level of comparability in these disclosures, and provides explanations for current practices.
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Research Article| September 01 2004
Where Are We with Long‐Term Contract Accounting?
Robert K. Larson, Associate Professor;
Online ISSN: 1558-7975
Print ISSN: 0888-7993
American Accounting Association
Accounting Horizons (2004) 18 (3): 207–219.
Robert K. Larson, Karen L. Brown; Where Are We with Long‐Term Contract Accounting?. Accounting Horizons 1 September 2004; 18 (3): 207–219. https://doi.org/10.2308/acch.2004.18.3.207
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