revenue recognition
Hungarian translation: realizált árbevétel
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| 21:28 Jan 22, 2002 |
| English to Hungarian translations [PRO] Bus/Financial - Accounting / accounting | |||||||
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|  Selected response from: ZOLTÁN PARRAGH Local time: 09:11 | ||||||
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Answers
32 mins confidence: 
peer agreement (net): +2
peer agreement (net): +2a bevételek elszámolása Explanation: For yr ref: Feb. 15, 2001 (SmartPros) During the past several years, numerous incidents of improper revenue recognition have occurred in companies both large and small. In response to growing concerns about registrants managing earnings in order to achieve earnings estimates, former SEC Chairman Arthur Levitt declared war on improper revenue recognition. He summed up the revenue "game" best in a speech. According to Levitt: -------------------------------------------------------------------------------- "Companies try to boost revenue by manipulating the recognition of revenue. Think about a bottle of wine. You wouldn't pop the cork on that bottle before it was ready. But some companies are doing this with their revenue - recognizing it before a sale is complete, before the product is delivered to a customer, or at a time when the customer still has options to terminate, void, or delay the sale." While revenue recognition should seem straightforward, recent occurrences of various techniques used to manipulate the recording and reporting of revenue suggest the need for a closer examination of the topic. Because accountants are not always aware of the possibility of intentional misstatement of revenue by clients or management, opportunities to prevent or detect improper revenue recognition are often missed. Revenue recognition issues are among the most serious financial reporting problems. When revenue is inappropriately recognized, serious cash flow problems can result. This situation causes stock prices to plummet indefinitely, or may even cause a company to go out of business entirely. -------------------------------------------------- Note added at 2002-01-23 02:58:15 (GMT) -------------------------------------------------- A dolog lényege az, hogy szigorúbb normativákat akarnak alkalmazni a számvitelben, részben az árbevétel elszámolása, részben az aktiv és passziv elhatárolások ügyében. Reference: http://accounting.smartpros.com/x6374.xml |
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