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Revenue recognition

The accounting rules that decide when a sale counts as revenue, based on transferring control to the customer rather than on receiving cash.

Under current standards a company identifies the contract, the separate promises in it, the total price, how the price splits across those promises, and then books revenue as each promise is satisfied. A hardware sale is recognised on delivery; a three-year service plan is spread across three years.

The rules matter for traders because how a company splits a bundle changes how front-loaded its revenue looks. Aggressive splitting pulls revenue forward and flatters growth today at the cost of tomorrow.

Example: Northwind Tools sells a $600 kit bundled with a $180 three-year warranty. It books $600 on delivery and recognises the $180 at $5 a month, leaving $180 in deferred-revenue on day one.

Related: revenue

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