According to the company it had been recognizing revenue without signed contracts using Memoranda of Understanding.

The installment sales method recognizes revenue and income proportionately as cash is collected.

Companies must also make assumptions as to how and when to recognize revenue.

Last year, the company acknowledged that it had recognized revenue from unsigned contracts.

His successor had problems with the way the company recognized revenue on a 2000 contract.

A Bill and hold transaction occurs when a company recognizes revenue before delivery takes place.

The most common system in business is to recognize revenue when the invoice has been issued.

The commission was concerned that some companies were being too aggressive in recognizing revenue, and it spelled out its interpretations of already existing rules.

Nor could the firm and Chantal sort out how to recognize revenue.

Its accountants said it had improperly recognized revenue from certain software licenses.