Student Name Professor Course Date A summary of chapters: Chapter 18 This chapter contains details of revenue recognition. To understand revenue recognition several important sections have to be fully understood. These are fundamentals of revenue recognition the steps of recognition process apply these steps to major recognition issues and finally description of the process of presentation and disclosure regarding revenue. Revenue recognition process is increasingly becoming more complex to manage exposed to mistakes and it’s of which derive their revenues from sale of initial franchises or continuing fees based on operations .Franchisers charge an initial fee meant to establish relationship and provision of initial services while the continuing fee for the continuing rights granted for services like advertising and product promotion. Depending on different economic circumstances the franchiser may be providing a link to the right than transferring control of rights making its revenue be recognized over a time period. [...]
I need outline or a summary for chapter 18, 19, 20, 21, 23. I need at least 500 words for each chapter. you must write it in your own words. must be plagiarism free.