2014-09 "Revenue from Contracts with Customers” Jade Nelson ACCT 4111-01 10/28/2014 Over the past few years‚ the Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB) have been working closely together to develop a new set of revenue recognition standards in an effort to merge the standards of FASB and IASB‚ lessen the amount of industry-specific differences in the standards‚ and make the standards more principles-based. Because revenue is very
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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 Five Drivers of Revenue Growth for Professional Services A Leader’s Guide to Increasing Revenue Mike Schultz‚ Co‐President John Doerr‚ Co‐President Robert Croston‚ Vice President Wellesley Hills Group 600 Worcester Road Framingham‚ MA 01702 www.whillsgroup.com (508) 626‐9991 A Wellesley Hills Group White Paper Table of Contents Part I: The White Paper Growth Opportunities All Around..............................................................................
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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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www.palgrave-journals.com/rpm FUTURES The future of revenue management and pricing science Phi Hoang Received (in revised form): 1st August‚ 2006 Walt Disney World E-mail: Phi.Hoang@disney.com Phi Hoang is currently Director of Decision Science for Revenue Management at Walt Disney World where he is responsible for overseeing the strategic direction for applying operations research and statistical techniques to solve complex revenue management and pricing problems. He has been with Disney
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After years of falling revenues‚ in 1999-2000 Doordarshan (DD)1 had a revenue growth at 50%. In 1999-2000‚ DD earned revenues of Rs 6.1mn compared to Rs 3.99 mn in 1998-99. DD showed signs of revival with the launch of DD World (a channel for NRIs) and had relative success with some of its regional channels (Refer Table I for different DD channels). However by the end of 2000-01‚ DD’s honeymoon with success seemed to be over. In 2000-01‚ DD’s revenues were projected to grow at 6-15% while private
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PEPSICO One billion times a day‚ in 200 countries and territories around the world‚ PepsiCo provides consumers with affordable‚ aspirational and authentic foods and beverages. PepsiCo Inc. is an American multinational food and beverage corporation headquartered in Purchase‚ New York‚ United States‚ with interests in the manufacturing‚ marketing and distribution of grain-based snack foods‚ beverages‚ and other products. PepsiCo was formed in 1965 with the merger of the Pepsi-Cola Company and Frito-Lay
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Jake Burdick Mrs. Zupan Period 8 12 December 2012 Pros - * “The ideal thing would be that no one gets pregnant unless they’re ready - - that all pregnancies are desired pregnancies‚ but that’s not what happens” – Lindsey Tanner‚ Associated press * “Most abortions occur in the first 12 weeks when the embryo is about the size of a lima bean.” – Lindsey Tanner‚ Associated press * “Hope Clinic patients come from Kentucky‚ where the number of abortions has steadily dropped from almost
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The Historical Background to the English Legal System The United Kingdom The United Kingdom (UK) is divided into four regions: England‚ Wales‚ Scotland and Northern Ireland. Each of these regions can be thought of as a country. However‚ the UK is one state not a federation of states (as in a federal state like the US or Australia) because all the separate parts are subject to the UK Parliament. This is said to have sovereign power. This means that it is subject to no higher legal authority
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2011*(32+21.27+20.21)/3]/ (1.1096^5) = [519*(32+21.27+20.21)/3]/(1.1096^5) =7557.584479 2. What would you consider reasonable‚ “high‚” and “low” growth estimates (median‚ 25th‚ and 75th percentile growth estimates) for 2008 and for the long run? Year Revenue Growth Rate 2003 1.165 2004 13.52 1061% 2005 105.581 681% 2006 355 236% 2007 847.35 139% 2008 1370 62% 2009 2058 50% 2010 2788 35% 2011 3367 21% 2012 3569 6% 25th quartile 35 % Median 62% 75th Quartile 236 % For 2008‚ it will
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