• Your Community Awaits

    I saw that Cristyn asked about booking multi year settlement dollars

    Posted by Ruth.McCambridge on May 23, 2023 at 1:29 pm

    We sue pollutors under the Clean Water Act. As a part of settlements we get payments or book a recievable up front to pay us to monitor their future compliance.for, say, the next three years. I think that our accounting should record this as deferred or unearned income on the balance sheet and recognize the revenue as it is earned each year under the compliance agreement. Pevious to me the organization booked it all when it was recieved. I would love your opinions and rationales

    Ruth.McCambridge replied 1 year, 7 months ago 1 Member · 0 Replies
  • 0 Replies

Sorry, there were no replies found.

Start of Discussion
0 of 0 replies June 2018
Now

Report

Harassment or bullying behavior
Contains mature or sensitive content
Contains misleading or false information
Contains abusive or derogatory content
Contains spam, fake content or potential malware

Block Member?

Please confirm you want to block this member.

You will no longer be able to:

  • See blocked member's posts
  • Mention this member in posts
  • Invite this member to groups
  • Message this member
  • Add this member as a connection

Please note: This action will also remove this member from your connections and send a report to the site admin. Please allow a few minutes for this process to complete.

Report

You have already reported this .

Join a space designed to foster support, inclusivity, and respect for every voice.

Ask questions, share experiences, and connect with peers and experts who value your insights. Your contribution is invaluable - forum members bring a wealth of knowledge and experience, crucial for mutual growth and learning. We cherish your expertise and would love to have you enrich our forum! Let's build together, learn together, and support one another.
Visit the Forum!