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Accruing for Conference

If a company sponsors a conference in June, how should the expenses and revenues (ticket sales) be accounted for in the periods Jan thru May? Wouldn't the month the conference takes place be the time when it's "earned" and both expenses and revenues are recognized? What is the best way to handle this?

Answers

Topic Expert
Wayne Spivak
Title: President & CFO
Company: SBAConsulting.com
LinkedIn Profile
(President & CFO, SBAConsulting.com) |

Prepaid expenses and unearned revenue till June, then everything becomes expenses and earned.

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