of essi on a l P r onou n c e m e n ts ASC 605-25‚ Revenue Re cogni t ion : Mul t ipl e- E l ement A r r angements (ASC 605-25) (formerly EITF Issue No. 00-21‚ Revenue Arrangements With Multiple Deliverables (Issue 00-21))‚ as amended by ASU 2009-13‚ Revenue Re cogni t ion (Topi c 605) : Mul t ipl e- D e l ive r abl e Revenue A r r angements (ASU 2009-13) (formerly EITF Issue No. 08(Issue 08-1)) SEC Staff Accounting Bulletin Topic 13‚ Revenue Recognition (SAB Topic 13) P rof essor N ot e :
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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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Accounting Standards Board (FASB) have undertaken a joint revenue recognition project that clarifies the principles for recognizing revenue that can be applied consistently across various transactions‚ industries‚ and capital markets. This project will apply to all contracts with customers except leases‚ financial instruments and insurance contracts. The joint project will attempt to remove inconsistencies and weaknesses in existing revenue recognition standards by retrofitting‚ and thoroughly improving
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Which would be a good match in five years? Use these multiples to provide additional estimates of the value of Crocs (in other words‚ calculate a value for Crocs using a current multiple‚ and calculate a value for Crocs using Yeung’s cash flow model but with a terminal value based on a multiple). Using EV to EBITDA multiple: - Current Crocs’ multiple is 27.74. Comparable companies that apprear to be good match to Crocs at the time of the case are Under Armour (32.00)‚ Zumiez (21.27) and Deckers
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peasant of his surplus produce (produce over and above the subsistence level) in the form of land revenue which was the main source of state’s income. Early British administrators regarded the land revenue as rent of the soil because they had a notion that the king was the owner of the land. Subsequent studies of Mughal India have shown that it was a tax on the crop and was thus different from the land revenue as conceived by the British. Abul Fazl in his Ain-i Akbari justifies the imposition of taxes
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The Right Way to Recognize Revenue Learn the components of SAB 101 and mistakes to look out for. BY THOMAS J. PHILLIPS JR.‚ MICHAEL S. LUEHLFING AND CYNTHIA M. DAILY More than half of the financial reporting frauds among “A U.S. public companies from 1987 to 1997 involved overstating revenue‚ according to a study conducted by the Committee of Sponsoring Organizations of the Treadway Commission (COSO). Auditors have always focused on possible revenue recognition overstatement in financial
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4.2. Diversifying revenues In recent years it has been widely believed that airports have become increasingly reliant on non-aero revenues. Over the past 15 years‚ the proportion of revenue derived from aeronautical activities has slightly increased indicating that the share of revenue derived from non-aeronautical activities has decreased. Financial crises‚ tough competition coming from neighbouring airports and pressure on lowering airport charges from LCCs‚ have put a dent in airport’s aeronautical
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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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REVENUE ALLOCATION FORMULA IN NIGERIA INTRODUCTION Prior to the discovery of oil in Nigeria‚ other sectors of the economy thrived. Agriculture‚ for instance‚ was a major source of revenue for the Western Region. The Eastern Region that was less endowed devised other sources of revenue. All this has however changed since the discovery of oil in the country. This has led to the demise of the other productive sectors of the economy. In fact‚ Nigerians are poorer today than they were in the pre-oil boom
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Marginal Revenue and Marginal Cost An understanding of marginal revenue and marginal cost is economically crucial to owning and operating a successful business. Marginal revenue is the amount of change in total revenue by selling one additional product. So if a company sells four extra unit of product and brings extra total revenue of 500 dollars than the marginal revenue for this month would be 125 dollars. This is found by taking the change in total revenue‚ 500 dollars‚ and dividing it by the
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