Continuing Research Project Revenue Recognition
Introduction and Purpose of Assignment
The continuing research project in this course will examine the underlying theory market application and ethical implications of the various accounting practices that you are working with each week. Week Two will focus on revenue recognition.
Objectives
Examine revenue recognition and its potential impact on a companys financial position and reputation. (2.2)
Theory and Context
Revenue recognition is recognized as the number one reason that companys restate financial statements. A restatement of a financial is expensive and can negatively impact a companys reputation indicating just how much of a problem revenue recognition poses.
Instructions