Deferred gross margin

• On bigger projects where income is accrued in installments, instead of being closed to the income summary, it's closed to a contra-A/R account called "deferred gross margin." It's shifted to "realized gross margin" when cash is received.
• Revenue recognition practices for a company are required to be listed by the SEC, usually they are written after the financial statements in Special accounting notes.
• Foreign exchange markets have been one of the most affected by financial regulation due to accusations that big banks were rigging markets.