the software products. As a company‚ it has shown a very stable growth in terms of revenues and profits‚ thus enabling better than industry share price increase over more than a decade (1986-1999). With respect to the primary operation of software development and the task to financial reporting the two areas that were required to be established were – a) Treatment of Software Development costs. b) Revenue recognition policy. As per the statement (SFAS no 86)issued by Financial Accounting Standards
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Provide information to assess performance 2. Which of the following is true regarding recognition of an item in a company’s financial statements? a. Recognition means disclosing an item somewhere in the financial statements. b. An item must be legally enforceable to be recognized as an asset. c. Recognition refers to the process of measuring and including an item in the financial statements. d. Recognition refers to the decision of whether to value an item at historical cost or fair value. e
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company with broad ambitions to rapidly expand its telecommunication services throughout the world. It was headquartered in Bermuda‚ but operated primarily in the United States. In 2000‚ the wholesale market for bandwidth began to soften. Insufficient revenue to pay the massive debt they had accumulated to build their costly networks/huge infrastructure. In fact‚ GC has never reported annual profit since its creation‚ and by the first quarter of 2001‚ cash was running short. It filed for protection under
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information to a neural network for their recognition. Results are presented on neural network solutions to the classical two-spiral problem by extracting structural and rotational information from the spiral training data. The results show that in both two and three dimension‚ the spirals can be easily recognised by neural networks if they are trained on the temporal structural changes. 1 1. SPIRAL STRUCTURES In our previous paper in Pattern Recognition Letters[11] it was highlighted that spiral
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Course Handout Accounting For Managers (AFM) Semester-I (June -October‚ 2013) Course Overview The course is designed to provide the students with a sound understanding of the basic accounting principles‚ concepts and standards and skill in the preparation and presentation of financial statements. Moreover this course a blend of financial accounting and management accounting. At the end of this course‚ students will be capable of preparing and understanding financial statements and use financial
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Abstract A quality of earning assessment is a tool used by analyst to determine the correlation between accounting income and economic income. The techniques to analyze accounting income and economic income include: comparing accounting principles‚ reviewing changes in accounting principles‚ analyzing discretionary and warranty expenditures‚ understanding replacement cost of assets and managements and auditors opinion of the company. A quality of earnings assessment of PepsiCo is applied to
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concern that I have in regards to the reporting of revenues and accounts receivable. My sole concern is the approach that management takes in reporting the company’s revenue. It was mentioned that management maintains a conservative approach in its accounting for accounts receivable‚ therefore it would be ideal to assume that they utilize the same approach for revenue recognition. However‚ auditors should thoroughly inspect RedPack’s revenue recognition approach
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Ethical Aspects of Revenue Management Revenue management is quiet new department in hotels. The main goal of this department is to divide inventory and set the right price for the right room at the right time. It is all about increasing sales and revenue‚ and for some people everything related to the cash flow is unethical. But what is the right price? For what target it is working? Is it ethical or no? This questions would be discussed in the following paper. But first of all lets define so
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Searching for Revenue-Google The search engine‚ Google‚ has been deemed and is famous for its highly successful search engine. This unit closing case reveals how Google has become a powerful search engine by detailing on how Google works‚ how revenue is made by ADWords‚ and by explaining the expansion of Google. Google works with the web server which sends the query to the index servers then travels to the document servers and finally returns the results back to the users. Revenue for Google is
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Revenue Management WorkShop 1 Module Name: Planning 2011-2012 WS Objective After attending workshop 1 you should be able to: Provide examples of market segments and sub segments; Explain the relation between segmentation and revenue management; Describe the role of price fencing within revenue management; Describe various terms & conditions used within revenue management; Explain the relation between price‚ purchase conditions & availability; Explain the factors that influence
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