Transcription of Revenue and Expense Recognition - Pearson
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Revenue and Expense Recognition - Pearson
Rene Johnston/ CHAPTER BMW Group ( bayerische motoren werke or Bavarian Motor Works, com, Frankfurt Stock Exchange ticker: BMW) is one of the world s leading luxury vehicle manufac-turers. The company s portfolio includes well-recognized brands such as MINI, Rolls-Royce, and, of course, BMW. You should already be familiar with the accounting for the Revenue and cost of sales for tangible products such as cars: roughly speaking, Revenue and costs are recorded at the point of sale. However, BMW also sells some of its vehicles to car rental companies. In some cases, BMW has an obligation to take back the vehicles after a period of time.
Rene Johnston/ GetStock.com CHAPTER B MW Group (Bayerische Motoren Werke or Bavarian Motor Works, www.bmwgroup. com, Frankfurt Stock Exchange ticker: BMW) is one of the world’s leading luxury vehicle manufac-
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