# Staff Accounting Bulletin No. 101
> **US Securities and Exchange Commission** · Publication of Staff Accounting Bulletin. · Published 1999-12-09 · Effective 1999-12-03 · 64 FR 68936
## Document
- **Document number:** 99-31832
- **Category:** other
- **Agency:** US Securities and Exchange Commission
- **Federal Register citation:** 64 FR 68936
- **CFR reference:** 17 CFR 211
- **Publication date:** 1999-12-09
- **Effective date:** 1999-12-03
- **Docket:** Release No. SAB 101
## Abstract

This staff accounting bulletin summarizes certain of the staff's views in applying generally accepted accounting principles to revenue recognition in financial statements. The staff is providing this guidance due, in part, to the large number of revenue recognition issues that registrants encounter. For example, a March 1999 report entitled Fraudulent Financial Reporting: 1987-1997 An Analysis of U. S. Public Companies, sponsored by the Committee of Sponsoring Organizations (COSO) of the Treadway Commission, indicated that over half of financial reporting frauds in the study involved overstating revenue.

## Source
- [Federal Register document](https://www.federalregister.gov/documents/1999/12/09/99-31832/staff-accounting-bulletin-no-101)
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