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AKS » Topics » Revenue Recognition

These excerpts taken from the AKS 10-K filed Feb 26, 2008.

Revenue Recognition

Revenue from sales of products is recognized at the time title and the risks and rewards of ownership pass. This occurs when the products are shipped per customers’ instructions, the sales price is fixed and determinable, and collection is reasonably assured.

Revenue Recognition

STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%">Revenue from sales of products is recognized at the time title and the risks and rewards of ownership pass. This occurs when the products are shipped per
customers’ instructions, the sales price is fixed and determinable, and collection is reasonably assured.

Inventory Costing

Inventories are valued at the lower of cost or market. The cost of the majority of inventories is measured on the last in, first out
(“LIFO”) method. The LIFO method allocates the most recent costs to cost of products sold and, therefore, recognizes into operating results fluctuations in raw material, energy and other inventoriable costs more quickly than other methods.
Other inventories, consisting mostly of foreign inventories and certain raw materials, are measured principally at average cost.

This excerpt taken from the AKS 10-K filed Feb 27, 2007.

Revenue Recognition

Revenue from sales of products is recognized at the time title and the risks and rewards of ownership passes. This occurs when the products are shipped per customers’ instructions, the sales price is fixed and determinable, and collection is reasonably assured.

This excerpt taken from the AKS 10-K filed Mar 2, 2006.

Revenue Recognition

 

Revenue from sales of products is recognized at the time title and the risks and rewards of ownership passes. This is when the products are shipped per customers’ instructions, the sales price is fixed and determinable, and collection is reasonably assured.

 

This excerpt taken from the AKS 10-K filed Mar 8, 2005.

Revenue Recognition

 

Revenue from sales of products is recognized at the time title and the risks and rewards of ownership passes. This is when the products are shipped per customers’ instructions, the sales price is fixed and determinable, and collection is reasonably assured.

 

EXCERPTS ON THIS PAGE:

10-K (2 sections)
Feb 26, 2008
10-K
Feb 27, 2007
10-K
Mar 2, 2006
10-K
Mar 8, 2005

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