This book, in its four editions, pioneered the emphasis on revenues and earnings recognition and realization which has been the story of the accounting difficulties of the past decade. The author has insisted on rigorous understanding of fundamentals and underlying principles, as well as the dynamics of accounting finance and law which lead to the issues lawyers face in the modern service economy today. Although the current popular interest in accounting fraud and planned changes in oversight give an impression of new issues, this work is further evidence of timeliness in well received teaching materials.
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