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The document outlines the principles of revenue recognition according to accounting standards like US-GAAP and IAS, emphasizing the importance of recording revenue when ownership of goods/services is transferred. It discusses the standard SAP solution for revenue recognition, including various methods and interim accounts, as well as the pros and cons of implementing this solution. An alternative custom approach is suggested for businesses unwilling to adapt to the standard solution, detailing how to manage

Author

scribd_girish

Language

EN