Why does revenue recognition on installment sales differ from that on more typical transactions involving the sale
Question:
Why does revenue recognition on installment sales differ from that on more typical transactions involving the sale of goods?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 68% (16 reviews)
The recognition of revenue from installment sales is distinct from the recognition of revenue from more typical sales of goods transactions This is du...View the full answer
Answered By
SUJIT JANA
Teaching students online during the COVID-19 pandemic has become a new norm for educators worldwide. With the closure of schools and educational institutions, remote learning has been adopted to ensure that students continue to receive education. In this response, I will write in detail about my experience of teaching students online during the COVID-19 pandemic.
At the beginning of the pandemic, I faced several challenges in transitioning from a traditional classroom setting to an online platform. However, with time, I was able to adapt to the new mode of teaching, thanks to the availability of online learning tools and resources.
One of the biggest challenges I encountered was the lack of physical interaction with students. In a classroom, teachers can observe the body language and reactions of students to determine if they understand the concepts being taught. However, online teaching has its limitations in that it is difficult to gauge if students are paying attention or if they have grasped the lesson.
To address this issue, I tried to make online lessons as interactive as possible by using tools such as video conferencing and chat rooms. I encouraged students to ask questions, participate in discussions, and engage in online activities to ensure that they were learning.
Another challenge I faced was the issue of technology. Not all students had access to computers, stable internet connections, or the required software to participate in online lessons. To address this, I tried to make the lessons as accessible as possible by providing recorded videos and online resources that students could access at their convenience.
Another issue I faced was the need to simplify the lesson plans to ensure that they were suitable for online teaching. I had to redesign my curriculum and focus on key concepts that could be taught effectively online. I also had to make adjustments to assessment methods to accommodate the online platform.
Despite the challenges, online teaching has some advantages. For instance, it allows for flexibility in scheduling, and it eliminates the need for students to commute to school, which can be time-consuming and expensive. Additionally, online teaching provides access to a wider range of resources, making it easier to incorporate multimedia and interactive activities into lessons.
In conclusion, teaching students online during the COVID-19 pandemic has been an experience that has challenged me to adapt to new ways of teaching. Although it has been challenging, it has also provided opportunities to explore new tools and resources to make lessons more engaging and interactive. With the continued evolution of technology, online teaching is likely to become a significant component of education even after the pandemic is over.
0.00
0 Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
The Sale of Goods Act in each province implies certain terms into contracts of sale relating to the fitness and quality of the product. Some Canadian jurisdictions make these provisions mandatory in...
-
The Sale of Goods Act imposes terms relating to goods matching samples or descriptions, and meeting standards of fitness, quality and title. Explain the nature of these implied terms and their effect...
-
Joel has four transactions involving the sale of capital assets during the year resulting in a STCG of $5,000, a STCL of $12,000, a LTCG of $1,800 and a LTCL of $1,000. As a result of these...
-
Why does Erasmus attack Church officials in his In Praise of Folly? O For spending money on lavish art O For not allowing clergy to marry O For supporting military campaigns O For selling pardons and...
-
What would you suggest the Lowes and Whirlpool as possible next steps in their collaborative relationship?
-
Refer to the information for Fairfield Blues presented in Exhibit 12-5, rows 1-12. Assume that you have some new information about costs and activities for next year. Namely, you learn that the cost...
-
What is meant by the term tracking the forecast? In which two ways can forecasts go wrong? LO.1
-
1. John Hood claims that he has no power or authority in his job. Is he correct? What sources of power work for and against him during this change process? 2. What influence tactics has Hood used...
-
Do in 5 mins please From the following particulars, calculate the Fixed Overhead Expenditure variance and Fixed Overhead Volume Variance and variety their correctness : Fixed Overhead Budget for...
-
Cycle Gear Corporation has incurred the following costs on job W456, an order for 20 special sprockets to be delivered at the end of next month: Direct materials: On April 10, requisition number...
-
Cross Company Limited, a private company, was started on January 1, 2021. For the first year, the chief accountant prepared the financial statements and a local accountant completed the necessary...
-
The following presents Oscar Equipment Companys draft financial statements for December 2022, with comparative figures for 2021. Amounts are in $000s. During 2022 (2021), the company declared and...
-
Tom Brady Shop began operations on January 2, 2012. The following stock record card for footballs was taken from the records at the end of the year. A physical inventory on December 31, 2012, reveals...
-
Solve xy' - 2y = x.
-
Vanishing Games Corporation (VGC) operates a massively multiplayer online game, charging players a monthly subscription of $15. At the start of January 2021, VGC's income statement accounts had zero...
-
Financial data, medical service data, and staffing data are best defined as what type of data
-
. What is meant by the term "foreign exchange rate"? In general, what causes foreign exchange rates to vary over time? . Do changes in foreign exchange rates benefit or hurt U.S. companies that are...
-
Primare Corporation has provided the following data concerning last month's manufacturing operations. Purchases of raw materials Indirect materials used in production Direct labor Manufacturing...
-
Wrangler Western has some of its jeans stonewashed under a contract with an independent contractor, Almos Garment Corp. If Almos operating cost is $22,000 per year for years 1 and 2 and then it...
-
On January 1, 2018, Khalid Ltd., which follows IAS 17, entered into an eight-year lease agreement for three dryers. Annual lease payments for the equipment are $28,500 at the beginning of each lease...
-
Incomplete Transactions Company was started on January 1, 2009. During its first year of operations, the company had a choice of accounting policies. The chief financial officer identified the...
-
For the following types of accounting changes, identify the appropriate treatment under IFRS. Type of accounting changeAccounting treatment a. Change in estimate b. Change in accounting policy c....
-
For the following types of accounting changes, identify the relevant criteria for each accounting change by selecting yes, no, or n/a (not applicable). Accounting Type of accounting change change due...
-
Show that the convexity for a zero coupon bond with m payments per year is (m) n(n + -)(1+ m m
-
Abdul Canarte , a Central Bank economist, noticed that the total group purchasing basket of goods (CPI) has gone from $149,740.00 to $344,460.00 in 8 years. With monthly compounding, what is the...
-
ABC Corporation expects sales next year to be $50,000,000. Inventory and accounts receivable (combined) will increase $8,000,000 to accommodate this sales level. The company has a profit margin of 6...
Study smarter with the SolutionInn App