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I think that the most reached accounting topic is revenue recognition because sometimes revenue recognition can be very straight forward, but other times it can be complicated especially when the product is sold and revenue is recognized later, In other words when customers pays for the product. Is tempting for companies to push the limits on what qualifies as revenue, especially when not all revenue is collected when the work is complete. For example, attorneys charge their clients in billable hours and present the invoice after work is completed and construction companies usually bill clients on a percentage of completion. Therefore, revenue can be complicated.
