Essay Color Key

Free Essays
Unrated Essays
Better Essays
Stronger Essays
Powerful Essays
Term Papers
Research Papers





Preview

 

Call Toll Free: 1.805.995.4101

Informix Revenue Recognition

No Works Cited
Length: 5784 words (16.5 double-spaced pages)
Rating: Blue      
Price: $29.95
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

MEMORANDUM





Re:      Group 2 - Case 2.1 “Software Revenue Recognition: Informix Corporation”

Companies following GAAP can manage earnings by simply altering its accounting policy to select those accounting principles that benefit them the most. Entities have a host of reasons for selecting those principles that will paint the rosiest financial picture. Some would argue that the market demands it, as reflected by the stock price punishment for companies that differ by as little as one penny per share from prior estimates. External market pressures to “meet the numbers” conflicts with market pressure for transparency in financial reporting.
Most fraudulent financial reporting schemes involve “earnings management” techniques, which inflate earnings, create an improved financial picture, or conversely, mask a deteriorating one. Premature revenue recognition is one of the most common forms of fraudulent earnings management and the case of Informix Software Inc. unfortunately illustrates closely this practice.
The analysis of this case will shed light on issues like:
v     Informix’s revenue recognition policy prior to 1990 and its compliance with FASB Concept #5, FASB Statement #86, GAAP protocols.
v     Informix’s reactions to AICPA SOP in changing the revenue recognition procedures and Informix’s reason to prematurely and voluntarily implement the new policy
v    &n...


... middle of paper ...


...bsp;  ($0.13)     ($0.05)
Net Income (Loss) per Share (Fully Diluted)     $0.00      ($0.80)     ($0.94)     ($0.12)     ($0.03)
Total Assets     $0.00      ($32,102.00)     ($17,173.00)     ($3,411.00)     ($573.00)
Long-Term Obligations     $0.00      $0.00      $0.00      $0.00      $0.00






















[to view the full essay now, purchase below]
Learn by seeing a well-written example
Improve your grade
Finish your paper faster

Benefits of Purchase

When you purchase a paper, these are just a few of the benefits you will appreciate.

Follow the instructions below to view the complete essay, speech, term paper, or research paper:

You may view this document now for only $29.95. This is the total cost - there are NO other charges. The document will be on your screen as soon as you pay with your credit card, debit card, or bank account. Your purchase is 100% secure.



Back to Search Results


Copyright © 2000-2013 123HelpMe.com. All rights reserved. Terms of Service