What is Over-time recognition?
Recognizing revenue as performance occurs, permitted when specific criteria are met, such as an asset with no alternative use plus an enforceable right to payment.
Where you will use it: this term comes up in the Applied AI for Finance and Accounting course, and the full course glossary collects every term in one place.
Related terms
From the free Applied AI for Finance and Accounting course by Devon Coombs, CPA, MBA.