Financial Accounting Blog

Thursday, April 29, 2004

This CNet.comarticle from last year says that AOL faced some tough accounting decisions in regards to how they report some of their advertising revenue.
AOL said the SEC has told the company that the agency's "preliminary view" is that the revenue should not have been recorded as advertising revenue but as a reduction in costs of AOL's $800m repurchase of its stake in AOL Europe from Bertelesmann.