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This derivative book deals with revenue-the biggest item in financial statements and perhaps the most contentious. E-commerce and new business models have created different revenue streams to be accounted for, thereby laying great stress on Revenue Recognition (RR). Read this book to know all about RR such as the right to recognize revenue, revenue & expense recognition, its perils and audit issues and RR policies in telecommunications, pharmaceutical companies, films etc.

This derivative book "Revenue Recognition in Financial Statements - An Introduction" deals with these issues in two sections. The first section introduces the topic 'revenue recognition' and then delves into different aspects of RR such as right way to recognize revenue, revenue and expense recognition, its perils and audit issues. The second section deals with the RR policies and issues of different industries like telecommunications, pharmaceutical companies, film industry and finally practices in Indian companies.