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://dx.doi.org/10.2308/acch.2004.18.3.207

Publication Date

2004

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