AN ASSESSMENT OF REVENUE RECOGNITION CHALLENGES AND SOLUTIONS IN PUBLIC ACCOUNTING
This study aims to: 1) Identify the primary challenges associated with revenue recognition in public accounting, 2) Examine the effectiveness of current solutions and practices in addressing these challenges, and 3) Propose new strategies to improve revenue recognition accuracy. The research design is a survey, chosen for its ability to collect detailed quantitative data from a wide audience. Using Taro Yamane’s formula, the sample size is calculated to be 320, ensuring a 95% confidence level and a 5% margin of error. Abuja is selected as the case study location due to its diverse economic activities and regulatory environment. The reliability coefficient score for the survey is 0.88, demonstrating high reliability. Findings show that common challenges include interpreting complex contracts, timing of revenue recognition, and compliance with evolving standards. Effective solutions identified include adopting advanced accounting software, enhancing staff training, and improving internal controls. The study recommends implementing continuous education programs for accountants and leveraging technology to streamline revenue recognition processes, ensuring compliance and accuracy.
ABSTRACT
The study examined the insecurity situation in Nigeria and its implications for business investment, opera...
Background of the Study
The Nigeria marketing environment today is one of aggressive and unfriendly competition among both manufacturers...
ABSTRACT
THE INFLUENCE OF INVESTMENT EDUCATION ON FINANCIAL LITERACY
This research explores the influence of investment educati...
ABSTRACT
This study investigated management of library information resources as correlate of provision of library services in Government...
ABSTRACT
Custard is a fine textured food product made from edible corn starch and other concentrated nutrients or the co...
ABSTRACT
Effect of vertical rectangular openings on the flexural strength of reinforced concrete beam is presented. Twelve reinforced con...
ABSTRACT: THE ROLE OF GOVERNMENTAL ACCOUNTANTS IN RISK MANAGEMENT
This study explores the critical role governmental accountants play in...
ABSTRACT:- This project attempts to establish the vital role which management Accounting...
ABSTRACT
Human immunodeficiency virus (HIV) infection weakens the immunity of an individual; reduces lymphocyte population, alters cytoki...
ABSTRACT: The Impact of Digital Literacy on Vocational Career Pathways examines how digital literacy influences career trajectories within vocation...