ACCT 557 WEEK 1 DISCUSSION 1

ACCT 557 WEEK 1 Revenue Recognition Theory graded
What is the revenue recognition principle? What is the current environment regarding revenue recognition? Research a current company's financial statement that the SEC has present or past investigations on for revenue recognition practices of a company. Why do you think there are so many of these? How is the IFRS-FASB Convergence Project potentially changing the revenue recognition as we know it today?

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