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A friend of yours who is not an accountant heard a story on the news about revenue recognition fraud and doesn't understand what that means.
Research the Internet to find a relevant article about revenue recognition fraud from an accounting publication or authoritative source regarding revenue recognition fraud.
In your own words, please post a response to the Discussion Board and comment on other postings. You will be graded on the quality of your postings.
Explain Assets Liabilities Vault Cash $20,000 Checking deposits $200,000 Deposits at Fed $30,000 Net Worth $15,000 Securities $45,000 Loans $120,000
1.dividend changes can be used by management as a credible communication tool to signal investors about future earnings
1. does the companys management appear to be managing debt properly? is the company too reliant on long-term debt
Write down a memo to her advising how she might modify her current manual accounting system to accomodate the expanded business activities.
Was there something about this particular time period that lead to the discovery of so many frauds? Were there more frauds, or just more discovered? In either case, why did it happen?
How does this strategy work for them and wre they better off licensing or being aggressive - Since the VP's trust you, they asked you to understand the most they should pay for a license from SohnCo.
To minimize the company's risk and to gain surplus relief, the company ceded 75% of the policy described in transaction 1 to a reinsurer on August 1, 2007. The reinsurer's commission was 20%. Forgetful received the commission in cash. The reinsura..
Kimm Company has gathered the subsequent information about its product - Evaluate Kimm's total standard cost per unit.
describe the technique the company is using that can constitute a financial shenanigan. indicate both the technique
show them as current expenses in total. In this way, the new product would appear to be only slightly profitable. Describe alternatives that you as an accountant would have in this situation. Indicate which alternative is best
Compute the following ratios for 2008. Receivables turnover= Net credit sales/ Average net receivables and Inventory turnover
Find out the differential, avoidable or relevant costs associated with the sourcing location for a call center for Bank of America? What are the qualitative costs? Which ones are more important?
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