Friday, November 07, 2008
Follow up on "gift card" assignment for accounting students
Some accounting students with the "gift card" assignment may be coming to the reference desk for help. If "gift cards" is searched on CCH Accounting Research Manager there is some discussion of the issues surrounding the accounting for gift cards. If the students do a search on ABI Inform Global and/or Business Source Premier for gift cards and accounting, they will locate articles in accounting journals that discuss the problems with accounting for gift cards ("breakage," uncertainty of redemption, when to recognize revenue, etc.) I hope this is helpful. Some students are asking for appointments to see me, but if they do the above searches they should find information to which they can apply to their assignment.