Abstract Purpose – The aim of this paper is to investigate the gap between cost-based and time-based revenue recognition schemes in the accounting of ship-owning corporations, and to propose cost-based revenue recognition (as in general accounting practice) in connection with the performance obligations. Design/methodology/approach – For a comparative analysis of time-based (traditional ap…
These two cases give accounts of technological innovation in a particular industry, ie bulk cargo handling and containerisation in the port industry. The geographical setting is the Pacific Coast of Northern California, more precisely at Sacramento and at San Francisco. The subject of technological innovation is a vast one, the extent of the port industry along the full length of the Pacific Co…