Title
Where Are We with Long‐Term Contract Accounting?
Abstract
In response to practices by major U.S. corporations, the SEC and the FASB initiated major revenue recognition projects. This commentary examines the accounting for long‐term contracts, an aspect of revenue recognition often overlooked in academic research. The exploratory study reported here describes current practices and disclosures about long‐term contracts by Fortune 500 corporations, examines the level of comparability in these disclosures, and provides explanations for current practices.
Department(s)
Management
Document Type
Article
DOI
https://doi.org/10.2308/acch.2004.18.3.207
Publication Date
2004
Recommended Citation
Larson, Robert K., and Karen L. Brown. "Where are we with long-term contract accounting?." Accounting Horizons 18, no. 3 (2004): 207.
Journal Title
Accounting Horizons
