Wareham SC Systems‚ Inc. Case Study Wareham SC Systems current revenue recognition policy states that they recognize revenue when they have shipped their product to the customer. SC Systems also adjusts for warranty by estimating how much money will be spent on fulfilling those warranties. They subtract this estimation of warranties from the total revenues for shipped products. For other types of specific contracts‚ such as service contracts‚ they use the percentage-of-completion accounting
Premium Estimation Money Approximation
EXECUTIVE SUMMARY Revenue Recognition and Wareham SC Systems‚ Inc. Wareham SC Systems‚ Inc. is a capital equipment and testing instrument manufacturer and supplier comprised of three divisions: the Glendale Division‚ the Advanced Technology Division and the Technical Devices Division (Anthony‚ Hawkins‚ & Merchant‚ 2011‚ p. 137). In 1999‚ Somai Desai‚ the company’s chief financial officer‚ received news that the Security Exchange Commision (SEC) issued a new set of revenue recognition and reporting
Premium Revenue Generally Accepted Accounting Principles Customer service
deliver the goods or render the services which are specified in the order. This requirement would be most influential part of the SAB 101 regulation in Wareham SC’s current revenue recognition policy. Because‚ we have identified that all of the sales transactions tested by Soma Desai recognized as a revenue at the time of shipment. Also‚ Wareham SC has a return policy which gives it’s customers to return back the dissatisfying products back. Long guarantee clauses in contracts and modified‚ non-standard
Premium Contract Marketing Customer service
SCS September of 1999 was probably the most exhilarating time of my whole entire life. It was the night before the first day of kindergarten at Sandwich Central School and I was so ready the morning. I never went to pre-school or daycare‚ I spent the days and nights with my mom and dad. My mom packed my lunch box with a peanut butter and jelly sandwich‚ animal crackers‚ cheese sticks‚ a juicy juice‚ and every other possible snack for a spoiled kindergartner. Like every other night my mom helped
Premium Kindergarten First grade Second grade
RUNNING HEAD: SC Johnson Brands MKT/421 Marketing Establish in 1886 as a parquet flooring company SC Johnson is one of the world’s largest household’s products. Since launching the brand on the market SC Johnson has employed over 13‚000 people and they now have several different products in the home cleaning industry. SC Johnson has created products in over 70 countries around the globe. This 127 year old family company has generated a sum of $9 billion dollars in sales because of affordable
Premium Brand Advertising
Adrian Thomas BIOL_115A_12-55 6/12/13 A population is consists of a group of the same species which occupy the same area. In order for a population to survive certain variables must be in place‚ making the biome ideal to support life for that and the other species within that community. There are some species that depends solely on the type of climate and food web that is available in a particular biome‚ these species would be considered to be specialists. Other species are able to adapt to
Premium Species Bird Ecosystem
University of Perpetual Help System Laguna Sto. Niño‚ City of Biñan‚ Laguna 2012 CIHM Student Council Constitution PREAMBLE We‚ the students of the College of International Hospitality Management‚ with the aid of Almighty God‚ desirous of establishing a democratic student council that shall unite the students of the College of International Hospitality Management‚ protect and preserve the rights and interests‚ inculcate awareness and fidelity to duties and responsibilities‚ encourage involvement
Premium United States Constitution
Insecticide Tracer 480 SC MENU: What is it ? Tracer 480 EC is a suspension concentrate‚ with a short residual action acting as a contact and stomach insecticide‚ with trans - laminar properties for the control of insects on agricultural crops as listed. Tracer 480 SC EC’s active ingredient is Spinosad (Naturalyte) with a 480 g/l. active ingredient and‚ placed in the 5A chemicals group for agricultural use in S.A. Manufactured by Dow AgroScience S.A. (PTY) LTD. with registration No. L
Premium Material safety data sheet Fruit Agriculture
Pacific School of Engineering Dept: CSE Semester: 7th Subject: Soft Computing Assignment-1 Q. 1. Explain the working of Artificial Neuron and compare it with biological neuron Q. 2. Discuss Back Propagation Algorithm in detail with proper illustration. Q. 3. Compare: I. Supervised Vs. Unsupervised Learning II. Hard Computing Vs. Soft Computing III. Single Layer Vs. Multilayer Perceptron Q. 4. Write a short note on: I. Radial Basis Function II. LVQ Q. 5. Discuss various operations of fuzzy
Premium Fuzzy logic Genetic algorithm Machine learning
BACHELOR OF BUSINESS ADMINISTRATION (HONS) (MANAGEMENT AND ENTREPRENEURSHIP) EIB 20603 SUPPLY CHAIN MANAGEMENT ASSIGNMENT 1 (ME40) SIR MOHD FAHRUGHAZI BIN MAT JUSOH NAME : MUHAMAD ASHRY B. ALWI ID NO. : 62283313114 Q1. Quoting the above example or any other example‚ how does the development of information has increased the importance of SCM in an organization. A company practicing effective supply chain management also recognizes that the chain has connections that extend beyond the traditional
Premium Supply chain management Management