Revenue Recognition Policy

Essay specific features

 

Issue:

Business

 

Written by:

Ronald H

 

Date added:

July 27, 2012

 

Level:

University

 

Grade:

A

 

No of pages / words:

5 / 1229

 

Was viewed:

4275 times

 

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Essay content:

This policy, although it is slightly aggressive, does adhere to GAAP, but it does require a look at other financial statement accounts for its efficiency and suitability for the company. Since CVT is operating on credit, it is imperative that the clients are accountable for debt payments, and their risk is assessed on a continuous basis...
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Since CVT is operating on credit, it is imperative that the clients are accountable for debt payments, and their risk is assessed on a continuous basis. As it states in the annual report, the risk of bad debts is mitigated by proactive credit management policies that include regular monitoring of the debtor's payment history and performance...
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