"Oracle system corporation revenue recognition" Essays and Research Papers

Revenue recognition is a very important component of financial accounting and reporting. The accounting principles governing revenue recognition can have a big impact on corporate accounting and the way contracts are structured with customers. As a part of ongoing discussions to converge U.S. Generally Accepted Accounting Principles (GAAP) and International Financial Reporting Standards (IFRS)‚ some proposals to change revenue recognition have been discussed. The following will discuss revenue

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Revenue-Recognition Problems in the Communications Equipment Industry 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 $24.7bn. Why do you think the market reacted so negatively to Lucent’s announcements of the problems? The large drop in market capitalization is probably due to several factors. Historically‚ Lucent had successfully met analysts’ projections for

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Recently in June 2010‚ the International Accounting Standards Board and the Financial Accounting Standard Board initiated a joint project and released an exposure draft named Revenue from Contracts with Customers. This exposure draft emphasizes the status of revenue in assessing financial statements and states that revenue is conclusive in assessing a company’s operating situation and developing prospects. This statement has a profound influence on accounting industry and has lead to a wide range

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ORACLE 10g ASM May 17th‚ 2006 Inderpal S. Johal Principal Consultant Agenda What is ASM Benefits of ASM ASM Architecture ASM Components DB Instance parameters to support ASM ASM Instance Monitoring using EM ASM Views Migrating from File system to ASM Miscellaneous Tips Q&A Data Softech Inc. Oracle 10g ASM 2 What is ASM ASM stands for Automatic Storage Management It is Oracle Cluster File System and Volume Manager Designed for Oracle Database Related Files Provide

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The history of Land Administration dates back to the olden days of kings and Kingdoms. The Land Revenue was the major source of revenue for the kings. The present system of preparing and maintaining land records originated from the Moghul period and it reached its scientific form during the British rule. During the British times the Revenue Department was the pivot of Administration. The Board of Revenue that wielded extraordinary powers administered it. The Collector was the virtual monarch at the

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Presentation on Oracle EBS – System Administration Agenda  How Apps DBA is different from Oracle DBA  Tasks of a System Administrator  Security related Tasks of System Administrator  Clarifications www.arowanaconsulting.com System Administrator Responsibilities & Tasks www.arowanaconsulting.com Overview Oracle EBS Administration is different from and Oracle DBA         Needs to be an Oracle DBA Needs to have knowledge of Oracle Application Fundamentals Needs to have

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Issues With Revenue Recognition within the Software Industry The Isoft Example Financial Controller-SoftWarehouse Ltd This report has been prepared for the Board of Directors of SoftWarehouse Ltd for elucidation about the contentious issues that have given rise to the publication of the article concerning Isoft’s issues with revenue recognition. Finally‚ it will also assess whether or not these issues are likely to affect SoftWarehouse Ltd. TABLE OF CONTENTS Executive Summary: 3

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 Assessing  Revenue  Recognition  Timing   Explain  when  each  of  the  following  business  should  recognize  revenues:     a. A  clothing  retailer  like  The  Limited.     Revenue  recognition:  Sales  basis  method  (at  the  time  of  sale).   The  revenue  for  a  retail  store  like  The  Limited  should  recognize  their  revenue   when  the

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ACCT 301­01                                                                                              Carlos Briones  Revenue Recognition Case                                                                           Amanda Eng  Alipasha Ziaee        1. Revenue Recognition for Multiple­Element Arrangements ­ The Case of Velocity  Cellular    a) According the ASC 605­25­25­5 there are two criteria that must be met in order  to be considered a separate deliverable and a separate unit of accounting: 

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