http://accrualperspective.wordpress.com/2012/10/10/zyngas-revenue-recognition-dilemma/ Zynga’s Revenue Recognition Dilemma Leave a reply Zynga’s Revenue Recognition Dilemma Zynga has been the focus of a highly disputed topic on bookings and revenues as of late. Unfortunately for the online gaming company‚ many accountants and financial analysts are not in Zynga’s favor on the way that the company has been recognizing revenues. To put the company in perspective‚ there are 26 million digital
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Revenue Recognition & Theories of Accounting The Joint Project Revenue recognition requirements in US generally accepted accounting principles (GAAP) differ from those in International Financial Reporting Standards (IFRSs); the former consists of broad concepts whereas IFRSs contain fewer standards‚ but applying the two main standards to complex transactions were difficult and needed improvement (Australian Accounting Standards Board‚ 2010). Accordingly‚ the International Accounting Standards
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Q1. Suggest the most effective route to market/ Channels for sales of: a) Pre-School As World School is leading player in pre-primary and ERP/learning management solutions for Schools and Colleges in Maharashtra. They have 200 pre-schools in tier-2 and tier-3 cities of Maharashtra. They were established in 2007 and have grown since then through the franchising channel for preschool business and direct sales channel for the ERP/learning management business. The decision to enter the smaller
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Revenue Recognition: Apple Inc. THE COMPANY Our analysis of Apple Inc. will incorporate the general overview of the company and how it records it revenues. We will observe how they make an honest effort to be within compliance of all accounting standards according to the Financial Accounting Standards Board for recording and disclosure of its income. Apple’s leading competitor‚ Google Inc.‚ will also be examined to see whether they are comparable to Apple and still within compliance of the Securities
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Sales Plan for Dr. Edwards PRE-CALL ANALYSIS I. Company Profile * Advanced Nutritional Technologies (ANTECH) inc. Specializes in developing and marketing specialty bottled water products in Asia. ANTECH is dedicated to providing the highest quality products to meet the needs of its customers. II. INDUSTRY ANALYSIS * The preference for bottled water amongst middle- and high-income Filipinos increased due to the growing concern about the portability of tap water in the country. Bottled
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Whereas our Italian counterpart Generali has more than 181 years of expertise in Insurance and Financial services industry across the globe. Generali was ranked as the 19th largest company in the world in 2010(Fortune 500 Rankings) based on total revenues and profits. Future Generali in the 17th Insurer which got License from Government of India through its statutory body – IRDA (Insurance Regulatory & Development Authority) to operate in this industry. This company comes under the same
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Blood For Sale Plasma International Blood retail company is primarily buying and selling blood even there’s a volunteer donations through out the USA and UK. I could definitely relate this company and Sol Levin to egoistic theory. All company care about is to making the most profits possible from the blood sales. Especially they bought blood from the people that are addicted to drugs and alcohol. Some of these drug addicts might even have diseases like Aids if they share
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course: This week you learned about the unearned revenue account. Provide three examples of unearned revenue. Answer: Three examples of unearned revenue would be 1.Prepaid Expense - A year long insurance contract a company paid $12‚000 for at the beginning of the year. Since the insurance company owes the company service‚ the expense prepayment is recorded as an asset Journal Entries: debit Prepaid Insurance and credit Cash). 2. Unearned Revenue - A year long subscription of $12‚000 is received
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Everything for Sale by Robert Kuttner: A Summary [Insert full name here] [Insert institutional information here] Everything for Sale by Robert Kuttner: A Summary In his book‚ Robert Kuttner (1999) tries to shake the dominant orthodoxy of laissez-faire economics‚ which he sees as the “natural form of capitalism‚” by attempting to “reclaim a defensible middle ground” between when the market is “best left alone” and when it “needs help” (p. 5). Kuttner’s
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Requirements in Systems Analysis and Design with Prototyping Submitted by: Bartolome‚ John Andrew P. Icawat‚ Jayson Neil A. Lauchengco‚ Christian Paolo R. Ordona‚ Kristian James V. Submitted to: Roy B. Callope 2nd Semester‚ S. Y. 2011 – 2012 I. Introduction A. Company Background | On January 18‚ 1954‚ strongly adhering to the vision of contributing to the progress and development of the nation through producing competent engineers and architects trained
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