Why do think gross versus net became such a big issue

Assignment Help Accounting Basics

Reference no: EM132687993 , Length: 2

Question 1: Why do you think " Gross versus Net" became such a big issue in accounting?

Revenues are at the core of a firm's ability to grow and prosper; thus, they are central to the analysis of a firm's profitability. Although the time-of-sale is the most common technique employed to recognize revenues, in some instances, a strong argument can be made for recognizing revenue using other methods.

Reference no: EM132687993

Questions Cloud

Descriptive or inferential and parametric or nonparametric : The types of statistics can be classified as descriptive or inferential and parametric or nonparametric. What is the purpose of a test of significance?

What aspects of the company can change in order to reduce : What aspects of the company can you change in order to reduce the amount of fraud that is occurring? Use the five factors described

What are two biggest concerns about possible fraud : What are two biggest concerns about possible fraud on the part of the couple? For each concern, identify a possible control that could reduce the risk

What are of the red flags that point to possibility of fraud : What are some of the red flags that point to the possibility of fraud? What would you say was the main problem in this case that allowed the fraud to occur?

Why do think gross versus net became such a big issue : Revenues are at the core of a firm's ability to grow and prosper, Why do you think " Gross versus Net" became such a big issue in accounting?

Discuss five purposes of sentencing-punishment : Discuss the five purposes of sentencing/punishment and how they relate to environmental or industrial crime and to white-collar crime in general.

How the net income correlate in the company : How the two items [net income and cash flows (inflows and outflows)] correlate in the company which you research. Do the result tell a positive or negative view

Terrorism Financing : Describe the mechanics of the Hamoud brothers' operation. Show specifically how they managed to raise so much money.

What important aspects of the profession were impacted : What important aspects of the profession were impacted by this case. Were laws or credentialing changed due to the outcome of this case?

User Account

All Pages