Revenue Recognition Take the time to familiarize yourself with the SEC investigation into Under Armor, then consider the following questions: 1. What exactly is happening? Do you believe this to be a valid investigation? 2. Revenue recognition is considered to be a typically method of accounting abuse. Why and How? 3. Under Armor is an apparel company. How is dealing with revenue recognition different for a virtual/online company? Are there any effects that show up on the financial statements? If so what are the impacts?