2. What financial statement adjustments will Lucent have to make to correct the revenue recognition problems announced in late 2000? Lucent recognized revenue when persuasive evidence of an agreement exists‚ delivery has occurred‚ the fee is fixed and determinable‚ and collection of the resulting receivable‚ including receivables of customers to which Lucent has provided customers financing‚ is probable. For sales generated from long-term contacts‚ primarily those related to customized network
Premium Generally Accepted Accounting Principles International Financial Reporting Standards
Case analysis on Lucent Technologies: Global Supply Chain Management By‚ ROOPANVI DANDU Lucent Technologies: Global Supply Chain Management Lucent technologies are a manufacturing company that was a part of American Telephone and Telegraph Corporation (AT&T) until 1996. Lucent’s main product was the 5ESS switch. The switch was worlds most reliable and widely used switching system. Prior to 1996 the Asian supply chain has not been a high priority. The demand for Asian joint ventures
Premium Supply chain management Supply chain Manufacturing
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
Premium Balance sheet Generally Accepted Accounting Principles Asset
Financial Reporting and Analysis – ACG6175 Date: 5/18/09 Revenue Recognition Problems in the Communications Equipment Industry 1 – In late 2000‚ Lucent announced that revenues would be adjusted downwards by $679 million as a result of revenue recognition problems. Yet the firms market capitalization plummeted by $24.7 billion. Why do you think the market reacted so negatively to Lucent’s announcements of the problems? There is usually a grey zone between aggressive accounting‚ which
Premium Balance sheet Generally Accepted Accounting Principles
sueleen92@gmail.com | PIONG JUAN XIAN | I11008814 | 016-7672056 | rex.stylish@hotmail.com | AIRU IMADA | I11009031 | 01116283623 | lcystr-k.h@live.jp. | FACTORS AFFECTING THE ADJUSTMENT OF FOREIGN STUDENTS IN MALAYSIA Abstract This research project was aimed at investigating the factors affecting the adjustment of international students in Malaysia. This study consisted of 160 international students in private universities in Malaysia. Even though international students represent around 5
Premium Culture International student Student
The Lucent Accounting Scandal Abstract The case discusses the accounting frauds committed at the US-based telecommunications giant‚ Lucent Technologies Inc. (Lucent) during early 2000. It provides an insight into the ways by which the financial statements were manipulated at Lucent. It examines the loopholes in the financial management of the company and the price it had to pay for circumventing the provisions of law. The case examines the allegations against Lucent and its officers with reference
Premium Generally Accepted Accounting Principles
“Lucent technologies is a company that designs and delivers the systems‚ software and services that drives the next generation communications networks. They are backed by Bell Labs research and development” (Fraser & Ormiston‚ p 79‚ para 2). “They use their strengths in mobility‚ optical‚ access‚ data and voice networking technologies‚ as well as services‚ to create new revenue generating opportunities. This makes it possible to help them better manage their networks. Their customers include
Premium Balance sheet Asset
Lucent Technologies Case Yulissa T. Ortiz Salgado March 30‚ 2013 Financial Reporting: Peeking Under the Financial Hood Mrs. Darcie Sargent The Lucent Technologies is a company that helps creating new revenue generating opportunities for customers through the communication service. We all know how useful and important communication services have become throughout the years. Lucent Technologies is compounded of three organizations around the products and they are: Integrated Network Solutions
Premium Balance sheet Asset Generally Accepted Accounting Principles
Make-A-Wish Foundation Revenue Matrix Elizabeth Overman BSHS/373 October 11‚ 2010 Pat Chatman Abstract The Make-A-Wish foundation grants the wishes of children with life-threatening medical conditions this help has to give the children hope and joy to live each day they have with the sickness that they have. The Make-A-Wish Foundation is a large Operation that is a fixed organization all over the United States and each state has their own way of collecting donations for the organization
Premium Non-profit organization Philanthropy Voluntary association
and I will be talking about how documentaries have the power to change and influence the world. I have chosen a documentary called “lucent” “that’s” (L.U.C.E.N.T) it is an Australian made film‚ written and directed by Chris Delforce. It follows the story of an Australian pig farming industry and how they operate‚(slight pause) and the process that’s required in order to make‚ what everyone knows as “bacon”; Chris Delforce has created this film “lucent” in order for him to catcher “as he claims “the
Premium Animal Farm George Orwell The Animals