Revenue recognition

It appears that revenue recognition is up for discussion by the CICA who publishes the CICA Handbook aobut how we're supposed to account.

As this topic came up during the working paper series this week, under the discussion about matching sales and cost of sales (COGS) I thought I'd throw this into the mix...

Not only does the Income Tax Act address revenue recognition but so does the CICA Handbook.

http://www.acsbcanada.org/documents-for-comment/item55545.pdf