Sponsor's article > Accounting for revenue uncertainty

The traditional accounting rules – generally accepted accounting principles and international accounting standards – were developed in a very different era. They have always endeavoured to meet the need for judgements that affect earnings, many of which relate to uncertain events in both the near and distant future. But the breadth of these judgements’ applicability and their leverage over reported profit and loss were modest.

Also, the issues involved and the nature of the judgements made w

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