Discussion and Assignment

Discussion (100-150 words):

Why do you think " Gross versus Net” became such a big issue in accounting? 

Assignment (1-2 pages double space):

Revenues are at the core of a firm’s ability to grow and prosper; thus, they are central to the analysis of a firm’s profitability. Although the time-of-sale is the most common technique employed to recognize revenues, in some instances, a strong argument can be made for recognizing revenue using other methods. 

In a comprehensive presentation of the various revenue recognition methods, please discuss different circumstances where methods might be used and the rationale behind your answer.

Providing real world (cited) outside examples, including references to article links will greatly strengthen your work.