Identifying Ethical Issues and Accounting Choices Assume you are a technology services provider and you must decide
Question:
Identifying Ethical Issues and Accounting Choices Assume you are a technology services provider and you must decide on whether to record revenue from the installation of computer software for one of your clients. Your contract calls for acceptance of the software by the client within six months of installation. According to the contract, you will be paid only when the client “accepts” the installation. Although you have not yet received your client’s formal acceptance, you are confident it is forthcoming. Failure to record these revenues will cause your company to miss Wall Street’s earnings estimates. What stakeholders will be affected by your decision, and how might they be affected?
Step by Step Answer:
Financial Statement Analysis And Valuation
ISBN: 9781618532336
5th Edition
Authors: Peter D. Easton, Mary Lea McAnally, Gregory A. Sommers