ACCT 304 Week 4 Discussion

ACCT 304  Week 4 Discussion | Devry University

Week 4: Revenue Recognition

When a company sells a product for cash, it generally recognizes the revenue. However, there are situations when it is not always clear when a company should recognize the revenue. How do you handle a car dealership that sells a warranty contract to its customers for $650 that will cover the next 5 years?

Alternative Discussion Topic: You may elect to choose a tweet from the FASB Twitter Feed (@FAFNorwalk) integrated into the home page of this course, summarize the overarching topic of the tweet and related article or video, and connect it to a topic we've studied in class this week. If a classmate has chosen a feed in which you're interested, agree with their summary and position by providing further supportive evidence from the book or online, or disagree and provide evidence that supports your position. Feel free to comment on current or recent tweets.