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One important change for some life insurance companies would be the timing on recognizing revenue.
Among large makers of telecommunications equipment, Lucent was known for relatively aggressive ways of recognizing revenue.
More serious, however, are concerns, unsubstantiated thus far, that WorldCom may be more aggressive than its peers in recognizing revenue.
Alpharma Inc. said the Securities and Exchange Commission had begun a formal investigation of the company's methods for recognizing revenue.
The largest number of restatements, 20.2percentt of the total, came from companies improperly recognizing revenue on transactions, the group said.
Raytheon said it would restate its earnings for 1997, 1998 and 1999 to reflect new accounting standards on recognizing revenue from aircraft sales.
Similar(40)
For instance, deferred tax assets can be created by the tax authority recognizing revenues and/or expenses outside of the times set out in the accounting standards.
Companies must also make assumptions as to how and when to recognize revenue.
It faces several shareholder lawsuits related to the way it recognized revenue from software sales.
The younger Mr. Thompson said the company has made an accounting change affecting when Acxiom recognizes revenue.
Last year, the company acknowledged that it had recognized revenue from unsigned contracts.
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CEO of Professional Science Editing for Scientists @ prosciediting.com