Ending Eternal Liabilities: Updates to Gift Card and Loyalty Program Accounting

Autor:	Rick C. Warne
Rok vydání:	2017
Předmět:	050208 finance business.industry Loyalty program 05 social sciences Accounting Discount points Loyalty business model Breakage 0502 economics and business Revenue recognition Economics Financial accounting 050207 economics Marketing business General Economics Econometrics and Finance Gift card
Zdroj:	Journal of Corporate Accounting & Finance. 28:41-44
ISSN:	1044-8136
DOI:	10.1002/jcaf.22281
Popis:	The Financial Accounting Standards Board recently updated rules regarding revenue recognition, which includes the accounting for gift card and customer loyalty point “breakage.” Breakage is the number of gift cards sold or customer loyalty points that will remain unredeemed indefinitely. Until the recent change, some companies kept the liabilities on their records indefinitely, while other companies reduced the liabilities over time, which created inconsistencies between companies. This article provides an example and discusses the changes related to accounting for gift cards and customer loyalty programs. © 2017 Wiley Periodicals, Inc.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::d11e95f07c7b60cdb720297c0a5732b9 https://doi.org/10.1002/jcaf.22281 Zobrazit plný text záznamu Plný text ve formátu PDF Plný text ve formátu HTML
Nepřihlášeným uživatelům se plný text nezobrazuje	K zobrazení výsledku je třeba se přihlásit.