CFA Practice Question

There are 534 practice questions for this study session.

CFA Practice Question

Revenue should generally be recognized ______.
A. at the time of cash collection
B. when realized
C. when realized or realizable and earned
Explanation: To be recognized, revenue must meet both criteria of being earned and realized/realizable.

User Contributed Comments 2

User Comment
kalps Revenue must be earned and realised/realisable for it to be recognised - this is poor need to get this right
cfatime21 yeah got this one!
You need to log in first to add your comment.