General Assignment:
Please use FA case as an example to complete the exercise cases. Please look at FA case and follow the same steps to complete the exercise cases. Please read the questions keenly and answer the questions accordingly
1. Case Three
Case Four
2. Journal Articles to reference in Case Three:
EY. Financial Reporting Development: "Revenue Recognition - Multiple Element Arrangement." Revised September 2016.
Deloitte. "Multiple-Element Arrangements: A Roadmap to Applying the Revenue Recognition Guidance in ASU 2009-13." July 2010.
BPM. "Revenue Arrangment with Multiple Deliverables." 2013.
Journal Articles to reference in Case Four:
Deloitte. "Life Science: Accounting and Financial Reporting Update - Interpretive Guidance on Revenue Recognition Under ASC 606." March 2017.
EY. Financial Reporting Development: "Revenue From Contracts With Customers." Revised August 2017.
PWC. In-Depth: "New Revenue Guidance - Implementation in the Pharmaceutical and Life Sciences
Sector." 06 September 2017.3. For Case Three, we are going to reference the AICPA Code of Professional Conduct for ethical issues.
For Case Four, we are going to reference Circular 230 for ethical issues.
In addition to answering the tax/financial accounting questions of the case,
1. In the narration of the analysis (the start point), provide at least three journal article citations about the history of the case (for each case) - so 6 in total, or how the general rules of accounting described in the article would be applied to a case like this.
2. Use either Circular 230 OR AICPA Code of Professional Code and find at least two possible violations of ethical codes that "could" happen (assume a practitioner who is unethical or uninformed)
Case - A Series of Revenue Recognition Research Cases Using the Codi?cation by R. Mark Alford, Teresa M. DiMattia, Nancy T. Hill, and Kevin T. Stevens
Attachment:- revenue recognition cases.rar