The Violations outlined involve techniques to boost revenue, including

(1) improper sales cut off

(2) consignment sales recorded as revenue

(3) parking, bill and hold and channel stuffing

(4) back-to-back swaps

(5) fictitious sales

Describe each of these techniques and explain whether they would be breach of Australian accounting standards. In your answer, refer to the recognition criteria of IAS 18/AASB 118 Revenue presented in figure 9.3 (refer attachment)

Please note that report must be referenced and all questions must be answered. The written report should not exceed 1500 words.