Homework: SaaS, GAAP Approach for SaaS Revenue Recognition
In this course, you will complete a signature homework which is designed to demonstrate your proficiencies in specific programmatic learning outcomes.
Project: The project is intended to provide you with the opportunity to more fully explore Revenue Recognition for SaaS companies, as well as examine it from a more empirical perspective. The paper should be approximately 10 pages in length (not including a cover page or references). It should consist of at least 3 empirical research articles from reputable aging journals (acceptable journals include: Journal of Accountancy, Journal of International Accounting Research, and Journal of Accounting Research are few examples.
• Find and review articles about the revenue recognition policy for SaaS companies.
• Your work should include the following:
o Briefly explain what SaaS is
o Explain the current US GAAP approach for SaaS revenue recognition
o List any areas of accounting complications for SaaS revenue recognition
o Find a couple of SaaS companies and explain how they apply GAAP to revenue recognition.
Format your homework according to the following formatting requirements:
o The answer should be typed, using Times New Roman font (size 12), double spaced, with one-inch margins on all sides.
o The response also includes a cover page containing the title of the homework, the student's name, the course title, and the date. The cover page is not included in the required page length.
o Also include a reference page. The Citations and references must follow APA format. The reference page is not included in the required page length.