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Revenue Recognition In Volatile Economic Times

Law360 (November 4, 2008, 12:00 AM EST) -- The financial challenges posed by current financial market events affect Wall Street and Main Street alike.

With the approach of the 2008 fiscal year end, corporate America is not immune to the pressures generated by increased energy costs, tight credit markets, unease in consumer confidence and customers seeking sales concessions at year-end.

The SEC has long kept a vigilant eye on swings in the economy, knowing from over 70 years of experience policing the markets that tough economic times can foster an environment where meeting earnings...
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