SAE Annual Report 2012 - 42

SAE INTERNATIONAL AND SUBSIDIARIES
Notes to the Consolidated Financial Statements (Continued)
Note 1 - Summary of Significant Accounting Policies (Continued)
L. Goodwill (Continued)
The amendments are effective for annual and interim goodwill impairment
M. Revenue Recognition
Revenue is recognized when earned.
Revenues received in advance of the year to which they relate, such as membership
dues and meeting and conference attendance fees, are deferred and recognized over the
periods to which the income relates.
Magazines and publications revenue includes print advertising revenue; book, CD-ROM,
and print sales; royalty revenue; and subscription revenue. Print advertising revenue is
recognized when the advertisement is run. Book, CD-ROM and print sales are recognized
when the products ship to the customer. Royalty revenues received under contract from a
third party that sells SAE's standards and related documents are recognized at the point of
sale. Subscription revenue is recognized ratably over the term of the subscription.
Contractual revenue, included in technical standards on the statement of activities, is
recognized when earned under the terms of the contracts.
and contracts are reflected as deferred revenue until earned.
Contributions received are recorded as unrestricted, temporarily restricted,
Support that is restricted by the donor
Advance receipts from grants
or
permanently restricted support, depending on the existence or nature of any donor
restrictions.
is reported as an increase in temporarily or
permanently restricted net assets, depending on the nature of the restriction. When a
restriction expires (that is, when a stipulated time restriction ends or purpose restriction is
accomplished), temporarily restricted net assets are reclassified to unrestricted net assets
and reported in the statement of activities as net assets released from restrictions.
N. In-kind Donations
Donated materials and services meeting the requirements of accounting principles
generally accepted in the United States of America are reflected as contributions at their
estimated values at date of receipt.
42
tests
performed for fiscal years beginning after December 15, 2011. The Organization adopted
this guidance for its annual goodwill impairment test performed as of December 31, 2012.
Page 16

SAE Annual Report 2012

Table of Contents for the Digital Edition of SAE Annual Report 2012

SAE Annual Report 2012
Contents
Executive Message
Aerospace Sector
Automotive Sector
Commercial Vehicle Sector
Membership
Publishing
Aerospace Standards
Ground Vehicle Standards
Magazines and Books
Engineering Events and Meetings
Professional Development
Pre-professional Education
SAE Foundation
Performance Review Institute
Financial
Information
The Financial Message
Supplementary Information
2013 SAE International Board of Directors
Board of Directors
Executive Management Council
Affiliates and Sections
SAE International Business Partners
SAE Annual Report 2012 - SAE Annual Report 2012
SAE Annual Report 2012 - Cover2
SAE Annual Report 2012 - Contents
SAE Annual Report 2012 - 2
SAE Annual Report 2012 - Executive Message
SAE Annual Report 2012 - Aerospace Sector
SAE Annual Report 2012 - Automotive Sector
SAE Annual Report 2012 - Commercial Vehicle Sector
SAE Annual Report 2012 - Membership
SAE Annual Report 2012 - Publishing
SAE Annual Report 2012 - Aerospace Standards
SAE Annual Report 2012 - 10
SAE Annual Report 2012 - Ground Vehicle Standards
SAE Annual Report 2012 - Magazines and Books
SAE Annual Report 2012 - 13
SAE Annual Report 2012 - Engineering Events and Meetings
SAE Annual Report 2012 - Professional Development
SAE Annual Report 2012 - Pre-professional Education
SAE Annual Report 2012 - SAE Foundation
SAE Annual Report 2012 - Performance Review Institute
SAE Annual Report 2012 - Information
SAE Annual Report 2012 - The Financial Message
SAE Annual Report 2012 - 21
SAE Annual Report 2012 - 22
SAE Annual Report 2012 - 23
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SAE Annual Report 2012 - 62
SAE Annual Report 2012 - Supplementary Information
SAE Annual Report 2012 - 64
SAE Annual Report 2012 - 2013 SAE International Board of Directors
SAE Annual Report 2012 - Executive Management Council
SAE Annual Report 2012 - Affiliates and Sections
SAE Annual Report 2012 - SAE International Business Partners
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