Signal of improper revenue recognition

Assignment Help Finance Basics
Reference no: EM132703592

Perpetrators of improper revenue recognition schemes often attempt to offer the defense that recognizing future periods' revenue in the current period is only a "timing" error. Discuss whether the fact the over stated revenue will likely be earned in later periods reduces the impact of the overstatement or reduces the responsibility of the perpetrator to report revenue accurately in the current period. Why is an "increase in accounts receivable as a percentage of sales" a signal of improper revenue recognition?

Provide links to where the information was found if needed.

Reference no: EM132703592

Questions Cloud

Calculate the monthly payment : A $100,000 mortgage loan at 7.6% compounded semiannually has a 25-year amortization period.
What is the total amount owed to blue rifle coffee : What is the total amount owed to Blue Rifle Coffee by its customers at the end of the year? Prepare income statement for Year 1 for Blue Rifle Coffee.
How is the fixed rate in an fra determined : Why would a corporate engage in a cross-currency swap? In the world of interest rates, what kinds of instruments are available?
What is the formal definition of justice : Dale and Mike Parak were twin brothers and best friends. They spent their entire lives looking out for each other's interests. While growing up, the two were.
Signal of improper revenue recognition : Perpetrators of improper revenue recognition schemes often attempt to offer the defense that recognizing future periods' revenue in the current period is only a
Prepare journal entry that bridgeport should record on dec : The interest rate used by the lessor in setting the payment schedule is 7%, Prepare the journal entries, that Bridgeport should record on December 31, 2020.
What is the beta of planned portfolio : What is the beta of your planned portfolio? Answer should include two digits to the right of the decimal point, rounded appropriately.
What is the bank estimate of the probability : Based on this information, what is the bank's estimate of the probability that XYZ Corp. will default?
Compute Appleton net US tax liability : Appleton paid U.K. income taxes of $500,000 on its branch income. Compute Appleton's net U.S. tax liability and any foreign tax credit carryover for 2018.

Reviews

Write a Review

Finance Basics Questions & Answers

  Financial reporting and analysis

Finance is about Gunns Ltd, a company in dealing with forestry products in Australia. The company has also been listed in Australian Stock Exchange. As many companies producing forestry products, even Gunns Ltd is facing various problems. Due to the ..

  A report on financial accounting

This report is specific for a core understanding for Financial Accounting and its relevant factors.

  Describe the types of financial ratios

Describe the types of financial ratios and other financial performance measures that are used during venture's successful life cycle.

  Differences between sole proprietorship and corporation

Briefly describe the major differences between a sole proprietorship and a corporation

  Prepare a cash budget statement

Calculate the expected value of the apartment in 20 years' time. What is the mortgage loan repayment at the beginning of each month

  What are the implied interest rates

What are the implied interest rates in Europe and the U.S.?

  State pricing theory and no-arbitrage pricing theory

State pricing theory and no-arbitrage pricing theory

  Small business administration

Identify the likely stage for each venture and describe the type of financing each venture is likely to be seeking and identify potential sources for that financing.

  Effect of financial leverage

The Effect of Financial Leverage and working capital management

  Evaluate the basis for the payment to the lender

Evaluate the basis for the payment to the lender and basis for the payment to the company-counterparty.

  Importance of opps, ipps, mpfs and dmepos

Research and discuss the differences and importance of : OPPS, IPPS, MPFS and DMEPOS.

  Time value of money

Time Value of Money project

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd