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      12-28-2019, 05:57 PM   #35
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Drives: 2017 440i Gran Coupe & 2015 X5
Join Date: Nov 2012
Location: Orange County, CA

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Accounting rules are governed by FASB in the US. Two years ago, "FASB has introduced a plethora of new and revised accounting standards that are certain to impact automotive dealerships nationwide".

https://www.axiom-auto.com/wp-conten...tter-Vol17.pdf

I read the newsletter but did not find any specific guidance about revenue recognition of vehicles sold to dealers but not delivered to retail customers.

I am sure FASB has an applicable rule.
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