Revenue Changes for Rewards Programs

Thoughtware Article Published: Mar 03, 2020

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Revenue Recognition

Money, Calculator and magnifying glass

With the adoption of Accounting Standards Update 2014-09, Revenue from Contracts with Customers, companies with loyalty rewards programs may see a change to current accounting practice. Because previous guidance was not clear, companies had different methods for recognizing revenue on loyalty programs. Read on for details on the new rules.

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