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 Revenue is the electricity that drives business. Revenue has been the starting point on every income statement generated‚ every sales meeting conducted‚ and is on every entrepreneur’s wish list. The basic concept for revenue recognition is that revenue should not be recognized until it is realized or realizable and earned. There are also four criteria must be met in order to recognize revenue: 1) persuasive evidence of an arrangement exists: Consider the substance of the transaction
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The perceptual recognition would be to introduce a new stimulus to a child. When the infant is being introduced to something new‚ for example a new squeaky toy‚ or person‚ the child will appear unsure at first‚ until they begin to become interested in the stimuli. For this to happen it is important to repeatedly squeak the toy or shake the rattle to make a sound. By doing this the infant will become accustomed to the sound that it makes‚ and won’t appear to have so much fear. Once the infant is accustomed
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change to make the work environment safer. Many individuals don’t realize that majority of the violence in the workplace comes from not only the patient but from their families as well as the visitors which goes unnoticed. In the article “Violence: Recognition‚ Management and Prevention”‚ it states that majority of the violence that occurs whether physical‚ mental or verbal goes unreported due to fear of safety and or job security. These unreported incidents of violence can in turn cause both short and
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To: Controller of LOI‚ Files From: Accounting Class Re: Recognition of Asset Retirement Obligations for Lack of Information Date: June 2‚ 2014 Background Lack of Information (LOI) owns and operates 50 warehouses throughout the country. As part of LOI’s efforts to identify potential asset retirement obligations‚ LOI’s internal audit group held interviews with all 50 of the warehouse managers and also performed site visits at each of the 50 locations. The related findings of the interviews and
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Assignment 4 Case 7.2 Revenue Recognition Associated with Frequent Flier Miles Continental Airlines: Revenue is deferred and recognized when transportation is provided • Revenue is realized‚ and earned. The carrier has performed its duty‚ the service has been preformed. The amount of the claim is known AMR (American): Revenue is deferred and recognized over the period approximating mileage credits are used • Because there is no actual way of knowing when/if mileage will be used‚ it is not
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methods‚ measurement systems and procedures for presenting disclosures. Accounting policies differ from accounting principles in that the principles are the rules and the policies are a company’s way of adhering to the rules. Revenue Recognition: Revenue recognition determines the accounting period‚ in which revenues and expenses are recognized. General Mills recognize sales revenue when the shipment is accepted by their customer. Sales include shipping and handling charges billed to the customer
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Biophysical Ecology and Pattern Recognition Abstract: This study was undertaken to investigate behavioral adaptations of a lizard‚ Lacertilia‚ to its environment. Twelve peeps‚ representing the lizards‚ were placed in a habitat with two microhabitats of different temperatures. Six peeps were placed in one microhabitat‚ and six in the other. The internal temperature of these “lizards” was measured over a period of 20 minutes to see if their body temperatures matched that of their environment and
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gophers.” (pg. 352) This makes it easy to disregard the roles Aboriginal people played in the formation of Canada. John Ralston Saul argued‚ “Canada is founded upon three pillars: English‚ French‚ and Aboriginal. He argues that there has been little recognition of Aboriginal people as a pillar or as a foundational group.”(pg. 352) It is important for Canadians to learn that without the help of Aboriginal people‚ the outcome of this country may have been significantly different. Aboriginal people played
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A palindromic recognition sequence is a nucleic acid sequence‚ whether DNA or RNA. This sequence is the same whether read five-prime to three-prime on one strand or three-prime to five-prime on the complementary strand. This is what forms a double helix. Restriction enzymes are bacterial enzymes that cut both strands of DNA at specific nucleotide sequences. These enzymes digest DNA by cutting the sequence at specific locations called restriction sites. Some restriction enzymes cleave DNA strands
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