Finance & Accounting / Controllership
Revenue Recognition RevRec (ASC 606 / IFRS 15)
The rules that decide *when* a sale counts as revenue, which is almost never the day cash arrives.
The fork, why two teams get different numbers
"Point-in-time" vs "over-time" recognition.
In the Metric Library
- The full fork, both definitions worked all the way through
- The trap that makes the number lie, on a real export
- Every formula variant, spelled out
- The reconciliation anchor, what to tie it to and when to refuse
Reference: FASB ASC 606 · IFRS 15 · {"AICPA Audit & Accounting Guide"=>"Revenue Recognition"}