We need a standard for revenue

Article Abstract:

Revenue recognition has become an international issue but the different views, standards and interpretation the accounting world has placed on it have given rise to a need to adopt a consistent definition.

Income Accounting, Standards, Publishing industry, Interpretation and construction, Revenue, Revenue Recognition (Book), Definition (Logic), Definition (Philosophy)

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It's remuneration - so record it

Article Abstract:

While not amounting to cash outflow, stock options are an expense that must be recorded as such because they represent a compensation for employee services that affects company profit.

Stock Options, Analysis, Compensation and benefits, Compensation management, Executive compensation

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Stamp out house tax

Article Abstract:

The author advocates the repeal of the house-purchase stamp duty tax. He says the does not serve to achieve what it was enacted for but is impeding economic growth.

Residential Buildings, Residential Building Construction, Construction industry, Taxation, Residential construction, Beliefs, opinions and attitudes, House buying, Home buying, Repeal of legislation, Repeal (Law)

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