company’s revenue. This paper explains the fraud occurred in recognizing the revenue and how it overstated the financial statements and increased the stock price. It also explains the fraud theory applied to the revenue recognition and the auditor’s failure in discovering the fraud and reports it to the SEC. This paper will provide methods that auditors should follow in auditing public companies and the best practices they should follow if the company changed the revenue recognition. Background
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Speech Recognition and Human Computer Interaction Technology can be defined as the production‚ modification‚ usage‚ and knowledge of tools‚ machines‚ systems‚ and crafts‚ in order to solve a problem‚ improve a preexisting solution to a problem‚ or to achieve a specific goal or perform a certain function (Majewski‚ 2010‚ January 20). A few examples of technology can be defined within construction technology‚ medical technology‚ and information technology. Technological advances including the telephone
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Q3: Should Apple lobby the FASB to change the revenue recognition rules for smartphones? In our opinion‚ Apple should lobby FASB to change the revenue recognition rules for smartphones‚ given the following reasons:- 1. Under “non-GAAP measures”‚ Apple’s performance looked much better than that under GAAP measures. Please find below a table1 summarizing the differences of key financial data between GAAP and non-GAAP measures for the fourth quarter of 2008:- Q4 2008 GAAP ($ billions) Non-GAAP
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(1) summarizes the factual situation The company was started off by Amelia. The company is a family software company that Aunt Amelia started. She started working in a spare room in her house and was able to bring other relatives together to invest together and form a company. The company was a success that is became part of Wall Street just three years ago. The company has being profitable and there haven’t being any issues associated with the accounting records or any financial data associated
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Speech Recognition Technologies Abstract While commercial solutions for precise indoor positioning exist‚ they are costly and require installation of additional infrastructure‚ which limits opportunities for widespread adoption. Inspired by robotics techniques of Simultaneous Localization and Mapping (SLAM) and computer vision approaches using structured light patterns‚ we propose a self-contained solution to precise indoor positioning that requires no additional environmental infrastructure
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2a. The computing innovation that is represented by my computational artifact is that of voice recognition. Voice recognition is commonly used to operate a device‚ perform commands‚ or write without having to use a keyboard‚ mouse or press any buttons. The user is able to talk to a computer with automatic speech recognition (ASR) programs and tell it what to do.(5) The computing innovation was created with the intention of being user-friendly and helping people with a variety of disabilities. My
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EXPENSE RECOGNITION The production‚ sales‚ or cash receipts method can be used to assign revenues to periods of time. Expense recognition involves assigning or matching expenses to periods of time. Some expenses are closely related to the revenues assigned to periods of time. For example‚ the costs of goods sold during a period reflect the costs of materials‚ labor‚ and manufacturing overhead incurred to produce units of product that were sold. These costs are called product expenses. Other expenses
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Speech Recognition 1. Introduction Speech is the vocalized form of human Harvery Fletcher and Homer Dudley communication. It is based upon the firmly established the importance of the syntactic combination of lexicals and signal spectrum for reliable identification names that are drawn from very large of the phonetic nature of a speech sound. (usually about 10‚000 different words) Following the convention established by vocabularies. Each spoken word is these two
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tools are expensed when purchased. (f) Agricultural companies use market value for purposes of valuing crops. (g) Each enterprise is kept as a unit distinct from its owner or owners. (h) All significant postbalance sheet events are reported. (i) Revenue is recorded at point of sale. (j) All important aspects of bond indentures are presented in financial statements. (k) Rationale for accrual accounting. (l) The use of consolidated statements is justified. (m) Reporting must be done at defined
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dollars) Total Revenue Marginal Revenue Total Cost Marginal Cost Profit (or loss) 0 42 0 35 1 41 41 68 2 40 80 94 3 39 117 107 4 38 152 114 5 37 185 129 6 36 216 180 7 35 245 235 8 34 272 296 Step Two: Determine a product market (a specific good or service) appropriate to the prices listed. This will be the title of your graph and data table. You will be creating a graph on Step Four. Step Three: Calculate the marginal revenue‚ marginal cost
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