At the end of the unit, you will submit a 3,000-word academic journal style research report on the issue of revenue recognition
Instructions
At the end of the unit, you will submit a 3,000-word academic journal style research report on the issue of revenue recognition. Your task for the Final Assessment is to critically assess the implementation issues and challenges of revenue recognition policies in your chosen organization(s)/industry/economy. Remember that at postgraduate level you are expected to research a wide range of sources, particularly evidence-based journal articles. It is not acceptable to solely rely on textbooks as your main source of material. This practice can help you establish a framework within which to present and develop your argument.
Summary: Revenue is one of the largest and most value-relevant items in firms’ financial statements. For accounting, the revenue number is often a determination of company value and affects key financial measurements and indicators. Issues at Tesco plc in 2014 and Toshiba inrelating to revenue recognition practices highlight the problem of misreporting revenue, especially relating to timing and the price of goods and services. IFRS 15 Revenue from Contracts with Customers has evolved as a result of cooperation between IASB and FASB in order to tackle many of these revenue recognition issues. While taking on the role of a financial analyst, you will produce an academic journal-style research report on the issue of revenue recognition.
Marks will be given for demonstrating a clear understanding of the theoretical background, as well as for the application of that information. Consequently, it is important to ensure that you integrate the practical illustration and theoretical viewpoints by demonstrating an evaluation of the differing theoretical viewpoints and their consequences in practice.
• You must identify, locate and utilize SECONDARY evidence and data to ground, support and underpin your evaluation. Please note you are NOT to collect primary data.
• You must use the information and knowledge gained from a critical review of literature to ground and underpin your analysis and evaluation.
• The marks will be awarded based on the assessment criteria and so it is vital that you refer to these.
• The coursework is to be 3,000 words in length, plus or minus 10%, excluding references and a bibliography.
• A clear indication and proof of research will benefit the marks awarded.
• Marks will be awarded for presentation, clarity and the quality of written English.
• The coursework will be tested for plagiarism. Additional Information What you MUST do.
• Use the Harvard referencing style appropriately and in full, both in the text as citations and listed in full, alphabetically, at the end.
• Use grammatically correct English. • Proofread your work.
• Provide a robust structure and context for your evaluation
• You must synthesize and interpret what the various authors are saying.
• You must read and adhere to the assignment brief. What you must NOT do
. • Do not use Wikipedia or other inappropriate websites as references
. • Do not use generic texts books, these will not contain the information you need
• Leave it to the last minute.
• Submit late, a zero mark will be awarded if you do.. Your task for the Final Assessment is to critically assess the implementation issues and challenges of revenue recognition policies in your chosen organization(s)/industry/economy. Remember that at postgraduate level you are expected to research a wide range of sources, particularly evidence-based journal articles. It is not acceptable to solely rely on textbooks as your main source of material. This practice can help you establish a framework within which to present and develop your argument.
Summary: Revenue is one of the largest and most value-relevant items in firms’ financial statements. For accounting, the revenue number is often a determination of company value and affects key financial measurements and indicators. Issues at Tesco plc in 2014 and Toshiba inrelating to revenue recognition practices highlight the problem of misreporting revenue, especially relating to timing and the price of goods and services. IFRS 15 Revenue from Contracts with Customers has evolved as a result of cooperation between IASB and FASB in order to tackle many of these revenue recognition issues.
While taking on the role of a financial analyst, you will produce an academic journal-style research report on the issue of revenue recognition. Marks will be given for demonstrating a clear understanding of the theoretical background, as well as for the application of that information. Consequently, it is important to ensure that you integrate the practical illustration and theoretical viewpoints by demonstrating an evaluation of the differing theoretical viewpoints and their consequences in practice
. • You must identify, locate and utilize SECONDARY evidence and data to ground, support and underpin your evaluation.
Please note you are NOT to collect primary data.
• You must use the information and knowledge gained from a critical review of literature to ground and underpin your analysis and evaluation
. • The marks will be awarded based on the assessment criteria and so it is vital that you refer to these
. • The coursework is to be 3,000 words in length, plus or minus 10%, excluding references and a bibliography. • A clear indication and proof of research will benefit the marks awarded.
• Marks will be awarded for presentation, clarity and the quality of written English
. • The coursework will be tested for plagiarism. Additional Information What you MUST do.
• Use the Harvard referencing style appropriately and in full, both in the text as citations and listed in full, alphabetically, at the end.
• Use grammatically correct English.
• Proofread your work.
• Provide a robust structure and context for your evaluation.
• You must synthesize and interpret what the various authors are saying.
• You must read and adhere to the assignment brief. What you must NOT do. • Do not use Wikipedia or other inappropriate websites as references. • Do not use generic texts books, these will not contain the information you need. • Leave it to the last minute. • Submit late, a zero mark will be awarded if you do.
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