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What is the revenue recognition principle?

As part of my business series on the blog, here is an info-graphic covering revenue recognition. As some of you know, revenue recognition has a special place in my heart as I audited revenue for a software company in the bay area.  I had to know these principles like that back of my hand. If you are hoping to run a business with investors, you may want to know some of this too. Without further adieu, the info graphic and intro by Ghergich & Co.

When it comes to plotting out your next steps as a business, there are a lot of factors that come into play. Of course, you need to understand expenses and employees and demand and customers, but you also need to figure out what to do about revenue — and by that I mean, what do you do about recognizing revenue.

There are a number of different established accounting principles that are acceptable and that can guide you in figuring out what’s best for your business. For example, you can recognize the revenue after you have completed the obligat…

Earning via Cash Alarm

A user on Reddit wanted some more information on my earnings on an app called Cash Alarm, so I have created this post as I can’t post screenshots on Reddit. How viable is this as a source of passive income? Lets look at the numbers. Here is my total hours on the app:

Or in a table:



Hours "played"
Game 1
19:49:35
Game 2
3:50:27
Game 3
7:24:42
Total
31:04:44

And here is my total earnings on the app:


I have had one pay out of $2.5 and 20,484 coins, which is equal to about $2.11. With some quick math, that means I have made about $.15 a hour from using app flame. Time to earn on a given game increases exponentially. As you can see in the first screen shot, I have to play 26104 seconds to earn just 124 coins. In my other two games only a faction of that (1,000 or 3,000 seconds) is needed. With that in mind, I probably will uninstall the app after I can cash out. The first $2.5 was quite easy to earn. If you are probably going to game on you mobile device anyways, I would recommend trying it out and getting that easy $2.5.


If you are interested in trying the app, here is my referral Link you will get 4444 coins as a start-up bonus.


Exchange rate Screen cap:


Math if interested:


Payout2.5pointsexchange rate per pointFx as fraction
Pending2.11149136220,4840.00010308003132.5/24253
Total Earnings4.611491362
hourly rate0.15

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