| ||
Crowdfunding Tops Regulators Annual List Of Investor Traps Huffington Post Mary Schapiro. State securities regulators have put the relatively new investment phenomenon of crowdfunding at the top of their annual investment scams list, highlighting a recent controversial U.S. law that relaxed capital raising rules on small ... See all stories on this topic » | ||
| ||
Crowdfunding scams top investor threat -- regulators Reuters State securities regulators release annual threat list. * Also highlight mid-size investment advisers, drilling schemes. By Beth Pinsker Gladstone. NEW YORK, Aug 21 (Reuters) - State securities regulators have put the relatively new investment ... See all stories on this topic » | ||
| ||
Day one at Campus Party Europe – crowdfunding, cyborgs and Paulo Coelho VentureBeat Campus Party Europe has begun with a bang, with Europe's biggest tech party hosting the who's-who of the tech, startup, science, design, software and robotics scene. VentureBeat syndication partner VentureVillage is here in Berlin all week checking out ... See all stories on this topic » | ||
| ||
3 Benefits Of Music Crowdfunding Beyond "Show Me The Money" hypebot.com Show-me-the-money It's not surprising that we all tend to focus on the money when we talk about crowdfunding music. But all the work that goes into crowdfunding campaigns can result in other benefits especially when you keep those in mind. Such ... 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...
Comments
Post a Comment