Handout Cases on Revenue Recognition CASE 1 The Sea-Soft Water Company distributes its water softeners to dealers upon their request. The contract agreement with the dealers is that they may have 90 days to sell and pay for the softeners. Until the 90-day period is over‚ any softeners may be returned at the dealer’s expense and with no further obligations on the dealer’s part. If the water softeners are damaged while in the hands of a dealer‚ Sea-Soft agrees to accept the return of the
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DRAFT MANAGING LOCAL REVENUE IN INDONESIA Raksaka Mahi *) Prepared for: CAN DECENTRALIZATION HELP REBUILD INDONESIA? A Conference Sponsored by the International Studies Program‚ Andrew Young School of Policy Studies‚ Georgia State University‚ Atlanta May 1- 3‚ 2002 Introduction The role of local owned revenues had been very small for a long period of time. In the past‚ almost ninety percent of total district’s revenue came from central government transfers and subsidies. Moreover‚ those transfers
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Background Agricultural industry is one of the most important industries of Uzbekistan. Agriculture sector employs 28% of Uzbekistan ’s labor force and generates 24% of its GDP (Uzreport‚ 2006). Therefore further development of agricultural industry in Uzbekistan is crucial for Uzbek nation. According to UNDP within the next 20 years‚ the world will gain another 1.4 billion people. Representing a 25-percent increase in global population‚ most of these people will live in the expanding urban centers
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Omantel Management Discussion & Analysis Report – Year Ended 31st December 2007 The management of Oman Telecommunications Company SAOG (Omantel) is pleased to present to the shareholders of the Company‚ a detailed report covering analysis on industry structure and development‚ opportunities and threats‚ future outlook‚ risks and concerns‚ detailed analysis on operational performance and other major activities of the year 2007. BRIEF HISTORY: Omantel is the leading telecom operator in the Sultanate
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THE REVENUE SOURCES OF FACEBOOK.COM Facebook Revenues Up to $700 Million in 2009‚ On Track Towards $1.1 Billion in 2010 Facebook is tight-lipped about its revenue numbers‚ which is typical of private companies. The most it has said publicly is that it became “free cash-flow positive” as of last September. At the time‚ we estimated it was set to bring in around $550 million for the year in revenues based on previous reports that we and others had heard‚ and from our own calculations. But how did
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Joint Venture 3‚000 20 Joint Venture 7‚500 Income from Joint Venture 4‚287.50 Larry 3‚212.50 10% commission on net purchases to Alvin 25% commission on own sales 20 Cash 2‚287.50 Larry 2‚287.50 Books of Larry Feb. 12 Joint Venture 10‚000 Alvin 10‚000 14 Joint Venture 2‚000 Cash 2‚000 15 Cash 7‚500
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Ethical Aspects of Revenue Management Revenue management is quiet new department in hotels. The main goal of this department is to divide inventory and set the right price for the right room at the right time. It is all about increasing sales and revenue‚ and for some people everything related to the cash flow is unethical. But what is the right price? For what target it is working? Is it ethical or no? This questions would be discussed in the following paper. But first of all lets define so
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Second stage of Erickson’s theory will be autonomy versus shame and doubt. In this stage fall into second year‚ infant nervous system and muscle nearly develop completely‚ the endeavour of the child to gain control over the anal zone is the main issue of focus‚ it give infant develop a sense of autonomy. Infant need to learn how to take care of themselves‚ such as able control and to go toilet without assistance from adult. If parent able to guide with patience especially in toilet training and at
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CHAPTER 5 REVENUES AND MONETARY ASSETS Chapter 5 is about Revenue Recognition and Monetary Assets. There are different criteria used in recognizing revenue depending on the standards the company is using. In general‚ revenues should be recognized when an entity has significantly performed what is required in the agreement‚ full ownership of goods is transferred‚ and services are rendered. The Securities and Exchange Commission (SEC) have identified fraudulent cases where the companies
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ACCOUNTING/291 Capital Expenditure vs Revenue Expenditure Carlos Flannigan XACC/291 Instructor: Tameka Johnson October2 ‚2014 Expenditures are unavoidable for any company to exist in the competitive market‚ to expand the business or to find new opportunities to open up beneficial business
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