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Resources for Accountants

Aggressive Revenue Recognition Techniques, Part 1 [Video]

Aggressive Revenue Recognition Techniques, Part 1

Aggressive revenue recognition occurs when companies (a) prematurely recognize revenue or (b) recognize bogus sales.

Here are some ways companies have prematurely recognized revenue:
(1) channel stuffing
(2) changing the dat of the fiscal year-end
(3) holding the fiscal year open
(4) recording revenue before shipment
(5) shipping uncompleted products and assembling them elsewhere
(6) recording revenue for a full shipment when only a partial shipment was made
(7) announce a forthcoming price increase
(8) recognizing all the revenue upfront for a long-term contract

Edspira is the creation of Michael McLaughlin, who went from teenage homelessness to a PhD.
Edspira’s mission is to make a high-quality business education accessible to all people.

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Categories
Resources for Accountants

How to Start an Indian Restaurant Business [Video]

Discover the top 10 Tips to Starting an Indian Restaurant Business. Essential Tips for business startup success. Now you can get your free business plan template gift here: https://www.bizmove.com/business-gifts.htm - This is a high quality, full blown business plan template complete with detailed instructions and all the related spreadsheets. Allows you to easily prepare a professional business plan for your new business Also get free small business guides, tools, and worksheets at: https://www.bizmove.com

Categories
Resources for Accountants

Negotiation Skills: How to Negotiate Salary and Benefits [Video]

Your salary and benefits is a crucial step in securing a job offer that meets your financial and professional needs. While it may seem intimidating, with the right approach and preparation, you can successfully navigate this process. In this guide, we will walk you through the steps to negotiate your salary and benefits effectively.Get free business and management guides, tools, and worksheets at: https://www.bizmove.com