PPT-Corporate Disclosure Response to SEC Litigation Pertaining to Revenue Recognition

1 Benjamin Vaughan Susan B Hughes Barbara Arel The University of Vermont 2 1999 2001 2002 2009 2006 Accounting and Auditing Enforcement Release Litigation Settlement Hired New CFO Channel Stuffing. Corporate Law: Law principles and practice. Overview. A significant objective of the . Corporations Act 2001 . (. Cth. ) is to encourage investment and. . to. . protect the investing public by requiring full and accurate disclosure of relevant information about the activities of public companies.. CA. Anand Banka. Definition. Revenue is the . gross inflow. of cash, receivables or other consideration arising in the course of the . ordinary activities . of an enterprise from the sale of goods, from the rendering of services, and from the use by others of enterprise resources yielding interest, royalties and dividends.. 1. Revenue recognition. Expense recognition. Revenue recognition by critical event. Revenue recognition by effort expended. The percentage-of-completion method. Long-term contract losses. The instalment method. Ahmad Ismail. What is IAS 18 . Revenue?. Measurement of revenue. Recognition of revenue. Identification of transaction. Content. Income definition per framework :. Increases economic benefits. assets / liabilities. Presentation by:. CA. Anoop Bhatia. Contents:. Background. General Principles. List of ICDS. Certain Specific Issues . Background:. Section 145(1) of the Income-tax Act, 1961 (Act) stipulates that the method of accounting for computation of income under the heads . Revenue Audit Code of Practice – Capital Taxes Perspective . Julie Burke & Clare McGuinness . 20. th. May 2016 . Overview. Revenue interventions – CAT/CGT & Stamp Duty . Review of claims for reliefs . Environmental . Compliance and Enforcement . . . Targets, Trends and Tips. Private sector initiated environmental . enforcement: . the rise of NGO initiated criminal investigations and administrative action litigation. In-House . Counsel . Crazy. April 22, 2015. 3:30 pm – 6:00 pm. Your Hosts. Kate . Molamphy, Senior Counsel. Bunge . North-America. Alan Farkas. , Partner. Chicago. Aviation – SmithAmundsen . LLC. Zach Hedrick. Jennifer Intihar. Morgan Voss. Geoff Smith. Revenue Recognition. “Recognition is the process of formally recording or incorporating an item into accounts and financial statements of an entity.”. Revenue Recognition in Accounts Receivable. . . . Fio Chiarini. Senior Technical Support Engineer. Matthew Morse . Senior Technical Support Engineer. August 14, 2017. 3. . Revenue Recognition in EnterpriseOne Accounts Receivable. Developed and presented by Samuel A. Monastra, CPA. SAMUEL A. MONASTRA, CPA. Mr. Monastra is a Director with McGladrey, LLP. He has extensive experience with publicly held companies and large privately held companies. Industry focus: manufacturing, life sciences & technology, financial services, and public sector. . ITISHA SHARMA . KUMAR SATYANSHU. OUR GROUP MEMBERS . Background. Objectives . Current accounting standards framework. Unredeemed coupons. Commission and discounts. Other revenue . Recommendations. Disclosures. Executive summary. 2. 2. Postbank is profitable, well capitalised and Corporatization process is on track.. ICASA. relationship regularised - postal services reserved area and tariff increases. Early signs of customer confidence & trust returning to SAPO. Stephen Howes. Development Policy Centre ANU. 1. Structure. What is (government) resource revenue and why does it matter?. What is the evidence that it is low?. Possible theories for why it is low. Project-wise evidence and analysis: PNG LNG, Ok .