Date of Award
Honors College Thesis
Michael Dugan, Ph.D
In the world of financial accounting, a demand for universal standards exists. The two primary standard setting boards, The Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB), have made some strides in developing universal standards, but they still are not fully reconciled in the area of software revenue recognition. The main reason the two standards are not reconciled in the area of software revenue recognition is that a difference exists in the critical event between the standards. The critical event refers to the exact time a company recognizes revenue on its books. The purpose of the study is to determine how close the two standards are becoming to being fully reconciled in the area of software revenue recognition and the two standards’ critical event.
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Babington, Jason T., "U.S. GAAP Versus IFRS: Reconciling Revenue Recognition Principles in the Software Industry" (2013). Honors Theses. 182.