The letter from the vice president of sales to Magicon has significant impact on the accounting as the wording in the contingency statement pertains directly to the reasonable certainty of receiving payment. This uncertainty created here would reflect an uncertainty of payment which would require that revenue not be realized or recognized until it is reasonably certain. The fact that the revenue was recorded even though the collectability was uncertain is very fishy. If the deal falls through
Premium Generally Accepted Accounting Principles Balance sheet Revenue recognition
1- What makes supply chain management at Sport Obermeyer so challenging? The biggest challenge Sport Obermeyer is facing is uncertainty. The demand for each of the styles is completely un-deterministic and is very hard to predict. At the same time‚ Obermeyer production cycle is very long which is making it nearly impossible to adapt to the market. On one hand‚ if the produced items do not sell‚ Obermeyer incurs the loss of manufacturing cost. On the other hand‚ if we do not produce enough of the
Premium Supply and demand Marketing Supply chain management
Basic Concepts of Error Analysis 1. Significant Figures: The laboratory usually involves measurements of several physical quantities such as length‚ mass‚ time‚ voltage and current. The values of these quantities should be presented in terms of Significant Figures as follows. For example‚ the location of the arrow is to be determined in Fig. 1. It is obvious that the location is between 1 cm and 2 cm. The correct way to express this location is to make one more estimate based on your intuition
Premium Measurement Statistics Normal distribution
Unit 27 (outcome 3 ) 3.1 3.2 3.3 It is important to take a balanced approach to risk management so not to over protect the children we care for but providing them with the safety to explore and make some decisions about risks confidently themselves with guidance.Children need to learn to manage some risks themselves and recognise their own boundaries and limitations by practitioners helping children and young people recognise the risks and dangers around them in the appropriate way. Any activity
Premium Risk management Childhood Risk
Accounting 302 9/18/12 Ernst & Young Guest Speaker Response After looking through the Ernst & Young PowerPoint presentation‚ there were certain points covered that were similar to our Sky Air activity from class. One of the key points covered was the idea of purchasing a company‚ and how much one would pay for it. It was brought to our attention from both the PowerPoint and class lecture that buyers and sellers may have different perceptions of value. This occurs because buyers do
Premium Presentation Uncertainty Concept
This archive file includes HCS 451 Week 1 Overview of Risk Management and Quality Management in Health Care Worksheet Health Care - General Health Care Individual Overview of Risk Management and Quality Management in Health Care Worksheet Resource: Overview of Risk Management and Quality Management in Health Care Worksheet Grading Criteria Conduct research to provide you with an introduction to the health care disciplines of risk management and quality management and
Premium Management Health care Risk management
Risk management is commonly used by the organization‚ which involves the process of identifying risk‚ analyzing risk and implementing strategies for eliminating and copying with liabilities. As a result of the risk management in health care delivery‚ there are many activities and actions in health care delivery which can be reduced to expose to the possible errors and the negative incidents to patients. In practice‚ according to hospital authority annual report‚ medication safety is always being
Premium Management Risk Risk management
exposure could all affect the inflation. Recomendations : The company should go through with the project‚ because the net present value is positive. However‚ they should choose which currency to purchase the equipment in carefully‚ due to the uncertainty of the exchange predictions. They need to take all the risks into account.
Premium Net present value Risk Rate of return
enjambment produces a fluidity that was absent in the octet further reflecting his growing spiritual insight. This interaction of techniques conveys Milton’s ultimate acceptance of God’s decision to deny him use of his talents thus reflecting the uncertainty he has overcome in order to reach this final
Premium John Milton Sonnet Theology
December 18‚ 2012 Risk is a concept used to express uncertainty about the event. In performing an audit‚ an auditor faces different kinds of risks like engagement risk and audit risk. He/she needs to bring these risks to an acceptable level. He/she needs to manage these risks. Our last quiz for the year 2012 covers the chapter about risks. And taking that quiz faces many risks. Having a new book at the middle of the semester especially a foreign authored book is a big change for me. Though the
Premium Risk Risk management Uncertainty