Write a 1 page essay on Case Research.In terms of revenue recognition, accrual accounting, the revenues that are received are usually recognized in the period that they are realizable and earned and t

Write a 1 page essay on Case Research.

In terms of revenue recognition, accrual accounting, the revenues that are received are usually recognized in the period that they are realizable and earned and the time cash is received does not matter. In the case of cash accounting, revenue should only recognized when there is receipt of cash and it does not matter the time services are offered.

Therefore, it should recommend that the membership revenue and sale of book coupons revenue be recognized when the fee is received. However, the expenses should be recorded when they are incurred even before the payment of the expenses. That will ensure that the profits of the company are neither over nor