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Book chapter
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Reference no. 4998BC
Chapter from: "Financial Intelligence: A Manager's Guide to Knowing What the Numbers Really Mean"
Published by: Harvard Business Publishing
Published in: 2008

Abstract

The issue of when a sale can be recorded is one of the more artful aspects of the income statement. This chapter explains the often murky guidelines accountants use for recording and recognizing a sale and identifies some areas where manipulation of the numbers sometimes occurs. This chapter is excerpted from ‘Financial Intelligence: A Manager's Guide to Knowing What the Numbers Really Mean'.

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Abstract

The issue of when a sale can be recorded is one of the more artful aspects of the income statement. This chapter explains the often murky guidelines accountants use for recording and recognizing a sale and identifies some areas where manipulation of the numbers sometimes occurs. This chapter is excerpted from ‘Financial Intelligence: A Manager's Guide to Knowing What the Numbers Really Mean'.

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