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ACC - After reviewing the percentage of completion method for revenue recognition

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Question;After reviewing the percentage of completion method for revenue recognition, discuss some of the inherent problems related to misrepresentation of income that come with using this method. Provide some actions that could be taken (internal or external) to prevent any type of fraud associated with using this method.Find examples of public companies that use the % completion method for revenue recognition. In doing so read the notes of their financial statements and identify how they disclose the reporting of their policies.

 

Paper#40244 | Written in 18-Jul-2015

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