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Week in Review: Crowdfunding, Africa and Hot Potatoes Business Insider Has the PE world become isolated? Compared with historical trends, PE shops have been mostly trading among themselves in the last few years. It also appears that PE firms have been sitting on their portfolio companies for longer than usual. It may not ... See all stories on this topic » | ||
StartupValley Sponsors Crowdfunding Bootcamp for Entrepreneurs The Herald | HeraldOnline.com 27, 2012 — /PRNewswire/ -- StartupValley will attend Crowdfunding Bootcamp and the First Annual CfPA National Conference on Oct. 9-11, 2012 at the Ravella Resort and Spa in Lake Las Vegas, NV. The event will combine conference style speaking with ... See all stories on this topic » | ||
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Balance of the Planet — Crowdfunding Opportunity! CleanTechnica Kickstarter is the venue for my effort; it's a website that provides "crowd-funding" — people can contribute money to worthy projects. For the uninitiated, here's how it works: I prepare a project proposal and post it on Kickstarter. People can look ... See all stories on this topic » | ||
'Armada Online' Still In Development, Seeks Crowd Funding - Screens WorthPlaying.com 'Armada Online' Still In Development, Seeks Crowd Funding - Screens. by Rainier on Aug. 27, 2012 @ 2:55 a.m. PDT. Armada Online is a multiplayer action RPG, where you explore a universe that is dense with life and color. You command a single starship ... See all stories on this topic » | ||
iCrowd Names Juan Carlos Martinez as Director of Marketing Sacramento Bee RYE, N.Y., Aug. 27, 2012 -- /PRNewswire-iReach/ -- iCrowd, a web-based Investment Crowdfunding platform for ordinary individuals to invest in small businesses, is proud to announce it has hired Juan Carlos Martinez as its new Director of Marketing. See all stories on this topic » | ||
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Digital Living - crowd funding ABC Local It's called crowd funding and that's what the Digital Lving team explores in this edition. Print page; Email this · Permalink. Share. To view this media, please enabled Javascript in your browser setttings. Download this mp3 file. Digital Living ... See all stories on this topic » | ||
Couple Trying to Resurrect Fenton Cinema Patch.com Their are several popular Crowdfunding websites operating under the guidelines of the recently passed bill and the LaFountains chose Peerbackers.com as their Crowdfunding source to work through. "The great thing about Peerbackers.com is that all of the ... See all stories on this topic » | ||
Paid-For Social Net App.net Gets Its First Mobile App Fast Company App.net hit the headlines recently as it beat its crowdfunding goal and successfully launched as a paid-for alternative social media app like Twitter, but lacking adverts. Now it's gone mobile as an app called HooHa, courtesy of app makers TheModernInk ... See all stories on this topic » |
A start-up using crowd funding to create a product is different from a normal company. The start-up has cash inflows from donations but does not have a product, yet. In this situation, we recommend using completed-contract method to recognize revenue. Under this way of thinking, we assume the start-up is akin to a project or a long-term contract. The crowdfunding company will find it difficult to estimate the revenue from crowdfunders and, hence, the cost of rewards or perks. Under International Financial Reporting Standards (IFRS) and GAAP guidelines, if the firm cannot reliably measure the outcome of the project, revenue should be recognized based on contract costs. These costs should be expensed when incurred. Profit is recognized only at the completion of the project. In summary, for crowdfunding companies, revenue, expense, and profit are recognized only when the crowdfunded product is actually manufactured. 1 For example, assume that AAA Corp. wants to manufacture bicyc...
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