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The subject of revenue recognition is one that has been in

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The subject of revenue recognition is one that has been in the news for numerous companies in the past year. Locate an article on the subject of revenue recognition concerning a company (hint: when companies "restate their earnings", they are often corrected a revenue recognition error) and post a brief summary of the article to the forum. Include your analysis of how the revenue recognition concepts we have studied are in conflict with how the company originally reported their revenue and why you believe the restatement is required.

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Unfortunately, there are thousands of articles you could use for this discussion. One such company is Groupon. The internet based company was forced to restate their financial statements after several inconsistencies were discovered. One of the main issues surrounding the Groupon case is that auditors never detected the red flags that were present in Groupon's accounting records. The company is an internet based company that offers a different deal every day to their customers. The company has been forced more than once to restate earnings because they ...

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The subject of revenue recognition is one that has been in the news for numerous companies in the past year. Locate an article on the subject of revenue recognition concerning a company (hint: when companies "restate their earnings", they are often corrected a revenue recognition error) and post a brief summary of the article to the forum. Include your analysis of how the revenue recognition concepts we have studied are in conflict with how the company originally reported their revenue and why you believe the restatement is required.

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