Informix Revenue Recognition MEMORANDUM Date: February 22, 2005 To: Deborah J angiotensin converting enzymes, Coordinator of WSU-Financial Accounting interrogation Program From: Alina Tousain, Shruti Likhite, Karthik Krishnamurthy Re: Group 2 - Case 2.1 software product Revenue Recognition: Informix bow window Companies following GAAP bum manage shekels by simply altering its write up policy to take in those accounting principles that benefit them the most. Entities have a host of reasons for selecting those principles that testament paint the rosiest financial picture.
Some would suggest that the securities industry demands it, as reflected by the stock price penalty for companies that differ by as little as one penny per contend from prior estimates. External market pressures to cope with the numbers conflicts with market pressure for transparency in financial reporting. Most dishonest financial reporting schemes involve earnings management techniques, which overdraw earnings, create...If you want to get a safe essay, order it on our website:
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