Coupon Accounting Adjustment Revenue Impact Cited To Analysts
This article was originally published in The Tan Sheet
Executive Summary
Pharmaceutical and consumer product firms are beginning to report the financial effects of accounting procedures that change the way some companies account for coupons, rebates and other incentives in income statements.
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Accounting changes related to slotting fees, sales promotional costs and couponing will reduce Johnson & Johnson's reported consumer sales by $650 mil. in 2002, the firm said during an Oct. 16 analysts call.
J&J Consumer Sales To Feel $650 Mil. Accounting Change Impact In 2002
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