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Subscription accounting

BeyondVC

Its auditor, PWC, suggested that it change its revenue recognition policy. According to a CBS Marketwatch article : Under the accounting method used in the past, the company would recognize a full month’s revenue from a subscription agreement, even if a deal was sealed in the middle of the month, for example.

article thumbnail

Subscription accounting

BeyondVC

Its auditor, PWC, suggested that it change its revenue recognition policy. According to a CBS Marketwatch article : Under the accounting method used in the past, the company would recognize a full month’s revenue from a subscription agreement, even if a deal was sealed in the middle of the month, for example.