"recognized revenue" is a correct and usable phrase in written English.
You can use it when describing money that a company has earned and has had to record for accounting purposes. For example: "The company reported a 10% increase in recognized revenue for the third quarter."
Last year, the company acknowledged that it had recognized revenue from unsigned contracts.
It faces several shareholder lawsuits related to the way it recognized revenue from software sales.
In October 2003, the company disclosed preliminary results of the audit committee's investigation and acknowledged that it had recognized revenue from unsigned contracts.
The company recognized revenue too soon in some cases, as when it shipped software to resellers or to customers with payment schedules that last several years.
Electronic Data, based in Plano, Tex., had previously said it would adopt a new accounting rule that recognized revenue when it was billed.
The Securities and Exchange Commission and the United States attorney's office are investigating the company's accounting practices, including how it recognized revenue.
The company recognized revenues on these products when they were shipped.
AOL Time Warner advanced 81 cents, to $11.86, despite its announcement late Wednesday that there might be problems with the way its America Online unit recognized revenues from at least three transactions.
Quick to save the day was the law firm of Milberg Weiss Bershad Hynes & Lerach, whose lawsuit against MicroStrategy alleged it improperly recognized revenues.
A few days ago, the worldwide leader in construction equipment announced it will take a $580 million charge in the fourth quarter after finding ERA Mining Machinery, a company they recently acquired, had overstated profits and improperly recognized revenues and inventories.
Companies must also make assumptions as to how and when to recognize revenue.
