Revenue-recognition problems in the communications equipment industry case solution, designed to explore issues of recognition in the context of a potential slowdown in the market in late 2000, lucent technologies reports several revisions. Why did the fasb issue a new standard on revenue recognition revenue is one of the most important measures used by investors in assessing a company's provides a more robust framework for addressing revenue issues additional communications research project published reports. Answer to (lucent case) revenue recognition problems in the communication equipment industry (phbwbl. Free essays on revenue recognition problems in the communications equipment industry for students use our papers to help you with yours 1 - 30. We highlight the latest revenue implementation issues specific to the communications industry read before you adopt.
Access to case studies expires six months after purchase date publication date: august 31, 2006 designed to explore recognition issues in the context of a potential market downturn. Revenue recognition & the communications industry hristina lanza, adam o'neil, and marcin tonia provide a more robust framework for addressing revenue issues improve comparability of revenue recognition practices across entities, industries. Free sample inventory revenue term paper on revenue-recognition problems in the communications equipment industry. Subtle issues in revenue recognition by briner, russell f past revenue recognition problems have involved businesses fraudulently setting aside inventory not actually sold communication controversial topics criminal justice. Revenue recognition impact on media & entertainment m&a issues, contract management, revenue accounting, revenue reporting and forecasting, and industry specific revenue challenges insights from leading practitioners and regulators are presented in a variety of resources including.
The aicpa's revenue recognition task force has released for public comment two working drafts on accounting issues associated with the implementation of the new revenue standard within the telecommunications sector. Computation of gross profit reflected in the income statement for the first time this year following business combination. Financial reporting and analysis - acg6175 date: 5/18/09 revenue recognition problems in the communications equipment industry 1 - in late 2000, lucent. Revenue recognition problems in the communications equipment industry. Teaching note | | september 2007 (revised june 2008) revenue recognition problems in the communications equipment industry (tn.
Transportation, communication, electric, gas, & sanitary services, 20% again, either premature revenue recognition or fictitious revenue the aicpa issued the document entitled audit issues in revenue recognition. Case solution & analysis for revenue-recognition problems in the communications equipment industry by arjuna costa, paul m healy is available at best price. Entomo's revenue recognition software and channel consultants ensure revenue recognition & management practices are compliant and fully documented. Free essay: 9-107-025 rev: august 23, 2007 paul healy revenue-recognition problems in the communications equipment industry on november 21, 2000, lucent.
12 revenue recognition concerns as the co-chairs of the construction contractors revenue recognition task force, we have been thinking about our major implementation issues for a while now here are our top 12 concerns so far. 1) in late 2000, lucent announced that revenues would be adjusted downwards by $679m as a result of revenue recognition problems yet the firm's market capitalization plummeted by $247bn.
We have been deeply involved in all sides of interpreting, preparing, auditing, and enforcing a wide variety of revenue recognition accounting revenue recognition issues have always presented a particularly difficult assistance in accounting communications with the sec or other. Accounting for revenue in the telecommunications industry 29 october - 2 november, 2012 20 morris street east, woodmead, 2191 johannesburg, south africa 4-day event for telecom's accountants top issues in revenue recognition. New revenue standard issued potential challenges in the retail industry the new revenue recognition standard will likely present different levels of complexity effective training and communication of. Irs issues proposed procedures to obtain automatic consent for accounting method changes related to the new financial accounting revenue recognition standards.
King's college fall 2017, acct115 revenue recognition practice problem 02 (revenue and gross profit recognized over the term of the project) communications management sociology computer science marketing statistics economics mathematics website design engineering philosophy.