company’s revenue. This paper explains the fraud occurred in recognizing the revenue and how it overstated the financial statements and increased the stock price. It also explains the fraud theory applied to the revenue recognition and the auditor’s failure in discovering the fraud and reports it to the SEC. This paper will provide methods that auditors should follow in auditing public companies and the best practices they should follow if the company changed the revenue recognition. Background
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Q3: Should Apple lobby the FASB to change the revenue recognition rules for smartphones? In our opinion‚ Apple should lobby FASB to change the revenue recognition rules for smartphones‚ given the following reasons:- 1. Under “non-GAAP measures”‚ Apple’s performance looked much better than that under GAAP measures. Please find below a table1 summarizing the differences of key financial data between GAAP and non-GAAP measures for the fourth quarter of 2008:- Q4 2008 GAAP ($ billions) Non-GAAP
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A Meta-analysis on Revenue Management BBA 7 – G1 Yvonne LIU 302492 Timothy MA 222747 2013-1 Revenue and Pricing Management Statement of authorship I certify that this assignment is my own work and contains no material which has been submitted as part of an assignment in any institute college or university. Moreover‚ to the best of my knowledge and belief‚ it contains no material previously published or written by another person‚ except where due reference is made in the text of the
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(1) summarizes the factual situation The company was started off by Amelia. The company is a family software company that Aunt Amelia started. She started working in a spare room in her house and was able to bring other relatives together to invest together and form a company. The company was a success that is became part of Wall Street just three years ago. The company has being profitable and there haven’t being any issues associated with the accounting records or any financial data associated
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EXPENSE RECOGNITION The production‚ sales‚ or cash receipts method can be used to assign revenues to periods of time. Expense recognition involves assigning or matching expenses to periods of time. Some expenses are closely related to the revenues assigned to periods of time. For example‚ the costs of goods sold during a period reflect the costs of materials‚ labor‚ and manufacturing overhead incurred to produce units of product that were sold. These costs are called product expenses. Other expenses
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Novel features for silhouette based gait recognition systems |Arhiant Kochhar |Divyesh Gupta |M. Hanmandlu |Shantaram Vasikarla | |N. S. Institute of Technology New Delhi‚|N. S. Institute of Technology |Dept. of Electrical Engineering |Dept. of Computer Science | |India |New Delhi‚ India |Indian Institute of
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Cognitive processes involved with face recognition To human beings‚ facial recognition is not only essential for identification of persons in the social context‚ but also a vital social tool. There are various reasons why facial recognition process is a vital to human beings. Facial recognition serves an essential purpose of identifying members within our society; as a result‚ we are able to select those that we can socialize with that aid our survival in society. For instance‚ the males are
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REVIEWS‚ REFINEMENTS AND NEW IDEAS IN FACE RECOGNITION Edited by Peter M. Corcoran Reviews‚ Refinements and New Ideas in Face Recognition Edited by Peter M. Corcoran Published by InTech Janeza Trdine 9‚ 51000 Rijeka‚ Croatia Copyright © 2011 InTech All chapters are Open Access articles distributed under the Creative Commons Non Commercial Share Alike Attribution 3.0 license‚ which permits to copy‚ distribute‚ transmit‚ and adapt the work in any medium‚ so long as the original work is properly
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Joyce Brown Face Recognition The purpose of this paper is to explain the processes associated with face recognition‚ identification and classification‚ the role of encoding and retrieval processes involved with long-term memory and how it affects face recognition‚ and identify two possible errors that can occur with face recognition. Face perception is multifaceted‚ individuals are capable of gathering a continuous stream of social information‚ ranging from verbal and nonverbal communication
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A DISSERTATION ON ORGANIZATIONAL REWARD AND RECOGNITION SYSTEM “THE REINFORCING FACTORS FOR EMPLOYEES” UNDER THE GUIDANCE OF DR. B. B MISHRA (COURSE CO-ORDINATOR IMBA) SUBMITTED BY‚ SAMPRITI PAUL ROLL NO-53209V080641 6TH SEMESTER IMBA‚ DEPARTMENT
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