USA Do you defer Cogs if you Defer Revenue?


Joined
Jul 24, 2020
Messages
16
Reaction score
0
Country
United States
If we are selling a product to a company, but we recognize the revenue on the contract period 12 months.

Do we also do the same for cogs?

Thanks!
 
Ad

Advertisements

kirby

VIP Member
Joined
May 12, 2011
Messages
2,112
Reaction score
288
Country
United States
Too terse. Need some info on the details.
 
Joined
Jul 24, 2020
Messages
16
Reaction score
0
Country
United States
We have a subscription service where some revenue is recognized over the term of the contract. Would I also defer cogs so it is recognizable over that same term?
 

kirby

VIP Member
Joined
May 12, 2011
Messages
2,112
Reaction score
288
Country
United States
No. No special deferral. Record current period expenses in the current period and record depreciation and amortizations as required.
 
Ad

Advertisements


Ask a Question

Want to reply to this thread or ask your own question?

You'll need to choose a username for the site, which only take a couple of moments. After that, you can post your question and our members will help you out.

Ask a Question

Similar Threads

USA Deferred Royalty Payments- Can you recognize revenue?? 8
Costs to be deferred 0
USA Posting deferred income 1
UK Accrued and deferred income 3
USA Deferred Comp Asset 0
Deferred Revenue 1
Deferred Revenue 1
USA Treatment of expired deferred expenses 1

Top