Chapter 10 Auditing the Revenue Process SEC SAB101: Revenue recognition 1. 有persuasive evidence 有证据 2. Delivery occurred‚ service rendered，东西给了服务于需求 3. Price is fixed/determinable 价格固定 4. 有collectability钱收的回来 Fraud Risk in Revenue cycle: 欺诈风险 1. Side agreement: off-book‚ adjust record to entice customer 2. Channel stuffing: 填塞分销渠道，造成销售假象 inflate sales by forcing product through a distribution channel 3. Related party transaction: 实质重于形式原则substance over form是指企业应当按照交易或事项的经济实质进行会计核算，而不应当仅仅按照它们的法律形式作为会计核算的依据
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The main sources of revenue in a hotel are through sales in rooms‚ restaurants and bars. Identify and evaluate other possible sources of revenue. ‘One of the fundamental business concepts is that a company is in business to make money’ (Hales‚ 15:2005). Revenue is the monetary amount that customers pay to receive a product or service and is the first aspect considered when conducting financial analysis as it starts the cash flow process of a company (Hales and Van Hoof‚ 2010). Moyer et al (1995)
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DRAFT MANAGING LOCAL REVENUE IN INDONESIA Raksaka Mahi *) Prepared for: CAN DECENTRALIZATION HELP REBUILD INDONESIA? A Conference Sponsored by the International Studies Program‚ Andrew Young School of Policy Studies‚ Georgia State University‚ Atlanta May 1- 3‚ 2002 Introduction The role of local owned revenues had been very small for a long period of time. In the past‚ almost ninety percent of total district’s revenue came from central government transfers and subsidies. Moreover‚ those transfers
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Curtin University of Technology Metropolitan Campus Sem 2‚ 2012 Entrepreneurship 300 Literature Review Component 1: Opportunity Recognition Student Name: Mohd Fikri Bin Kamarudin Student ID: 15146339 Tutor ’s Name : Ms Nava Krishnan Day & Tutorial Time : Tuesday(12-4pm) Date Submitted : 14th August 2012 1.0 Introduction Entrepreneur and Company Background – Frezawa Engineering Sdn Bhd The entrepreneur that will be interview for this project is Mr Kurian Zachariah‚ founder of
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Revenue Management of Gondolas: Maintaining the Balance between Tradition and Revenue In this case the service is basically based on transportation of people through a gondola with gondoliers. In the past‚ it was used for only transportation; however‚ nowadays it is used for tourism activities as well. Almost all tourists who come to Venice‚ their main purpose is taking a tour with the gondolas. During Carnivals and Christmas‚ and also in summers the demand is at the highest level. People generally
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The global Automated Test Equipment (ATE) market is expected to reach USD 4.48 billion by 2020‚ according to a new study by Grand View Research‚ Inc. Increased demand for consumer electronics is expected to drive the market over the forecast period. Increased design complexity due to adoption of system on chip has resulted in need for effective testing‚ which is expected to favorably impact the market. Fluctuating demand for semiconductors is expected to pose a challenge to the growth of this
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Hunting and Fishing Equipment - US - February 2012SCOPE AND THEMESWhat you need to knowDefinitionData sourcesSales dataConsumer survey dataAbbreviations and termsAbbreviationsTermsEXECUTIVE SUMMARYSales increase 5.6% to nearly $6 billion in 2010Hunting equipment boosts total sales‚ fishing equipment sales declineLower-priced‚ smaller firearms are the new trendConsumers surveyed want to buy AmericanCore market of hunters and anglers are hurting financiallyHunting and fishing participation is on the
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Curves Assignment Help‚ Tutor Help Concepts of Revenue Total Average and Marginal Revenue The revenue of a firm jointly with its costs ascertains profits. Now let us discuss the concepts of revenue. The term revenue denotes to the receipts obtained by a firm from the scale of definite quantities of a commodity at various prices. The revenue concept relates to total revenue‚ average revenue and marginal revenue. 1. Total Revenue – It is the total sale proceeds of a firm by selling
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Brand Recognition in relation to Brand Loyalty Introduction “Brands are the most valuable intangible asset for companies” claims Bayu Sutikno of the University of Gadjah Mada in Indonesia (2011‚ p.319). The world is filled with brands and everyone is trying to portray a message. It is the job of the consumer to decide what brand they prefer and what brand they do not care for. Likewise it is the job of the marketer to persuade the behavior of the 7 billion consumers in the world everyday.
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vehicles is becoming a huge problem and much more difficult to solve. As the number of vehicles increase day-by-day‚ a lot of malpractices in this field happen‚ such as stealing vehicles‚ red light violations‚ unnecessary accidents etc. So the concept of Intelligent Traffic System was developed. In this system it was necessary to identify the vehicles that run on the road. So Automatic Number Plate Recognition (ANPR) System was developed. Automatic Number Plate Recognition (ANPR) System is essential
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