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Small Business Focused On Disabilities Turns To Crowdfunding For Startup The Herald | HeraldOnline.com COLUMBUS, Ohio, Sept. 12, 2012 — /PRNewswire/ -- Small business, disabilities and jobs are topics on the rise in circles across the globe. Chad Moore, President of IN-abled.com LLC, has combined them all in a small business startup offering wall ... See all stories on this topic » | ||
Tampa crowdfunding startup launches in Philadelphia Tampa Bay Business Journal Citizinvestor, a Tampa-based crowdfunding startup that targets municipal projects for private funding, has launched in Philadelphia. The company helps raise money for municipal public works projects that have been awaiting completion because of public ... See all stories on this topic » | ||
GetFunded.com opens for Pre-Launch Registration The Herald | HeraldOnline.com RED BANK, N.J. — Apps Genius Corp (OTCBB: APGS) (www.appsgenius.com), today announces the Beta release of GetFunded.com, a crowdfunding portal where entrepreneurs, artists and individuals can find backers for their projects. In addition to the ... See all stories on this topic » | ||
When You Wish: Crowdfunding / Investors Mixer Tonight! yovenice When You Wish, a locally based crowdfunding website where you can raise money online similar to Kickstarter or Indiegogo, is hosting a "Crowdfunding, Startups, and Investors mixer" this evening starting at 6pm. Participants will be available to talk ... See all stories on this topic » | ||
Kickstarter: Downloadable Album Tee Combines Shirts & Music For More Artist ... hypebot.com Kickstarter: Downloadable Album Tee Combines Shirts & Music For More Artist Revenue. R-evolution-tees Jeremy Schulz and R-Evolution are crowdfunding the full realization of the Downloadable Album Tee. The Downloadable Album Tee combines a band ... See all stories on this topic » | ||
Help Uwingu Make a Difference in Space SkyandTelescope.com And although IndieGoGo will close Uwingu's campaign page on Friday at midnight, according to IndieGoGo, most crowdfunding campaigns see a steep uptick in their final days. So we're optimistic we'll meet our goal! Posted by Alan Stern, September 12, ... See all stories on this topic » | ||
Jason Grill Is Proud to Announce Exciting New Ventures for JGrill Media Broadcast Newsroom The second, Crowdfunding Civic Infrastructure? The Next Big Thing shows how a simple, but innovative platform for creative projects is taking the civic project world by storm. At a time where funding from local, state or federal government is a big if ... See all stories on this topic » | ||
ibodi and Olympic Gold Medalist Launch Obesity Solution With Crowdfunding ... MarketWatch (press release) VISALIA, Calif., Sep 12, 2012 (GlobeNewswire via COMTEX) -- via PRWEB - ibodi Fitness Centers is reinventing the fitness center with a first of its kind Integrated Delivery System uniquely combining nutrition and exercise. The company is starting with ... 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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