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.
Note: Journal article citation which shows me that you have gotten a little familiar with the industry – and, with any luck, how that might affect/incentivize the outcome of the research
About 3 pages each for two cases.
Financial Statement Disclosure – Discuss
Ethical issue involved? It is possible? AICPA Code of Professional Conduct – cite that.
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ISSUES IN ACCOUNTING EDUCATION American Accounting AssociationVol. 26, No. 3 DOI: 10.2308/iace-500292011pp. 609–618A Series of Revenue Recognition ResearchCases Using the Codi?cationR. Mark Alford, Teresa M. DiMattia, Nancy T. Hill, and Kevin T. StevensABSTRACT: This series of four short cases is designed to help students develop theskills to research the Financial Accounting Standards Board’s (FASB) AccountingStandards Codification and other authoritative literature. It also is designed to helpimprove students’ ability to analyze and critique the complex issues that often surroundthe accounting for revenue recognition. The case scenarios describe transactions inwhich students must decide whether, when, and how much revenue to recognize. Theissues analyzed involve bill-and-hold, multiple-element arrangements, gross versus netrevenue reporting, and sales incentives. The cases are also designed to improveteamwork and communication skills. The sequence of cases is intended for use in anintermediate accounting class that covers revenue recognition, or in a capstone classthat emphasizes critical thinking and research skills.Keywords: revenue; recognition; codi?cation; research.INTRODUCTIONevenue recognition is one of the top causes for ?nancial statement restatements(Whitehouse 2010). In addition, revenue recognition is an area commonly questionedRby the Securities and Exchange Commission (SEC) staff in their review of public ?lingsand resultant comment letter process (Deloitte 2009). Furthermore, revenue recognition is oftenprey to ?nancial fraud (PricewaterhouseCoopers 2009).Coverage of revenue recognition in intermediate accounting courses is typically limited tolearning and applying the criteria for revenue recognition outlined in the Financial AccountingStandards Board’s (FASB) Statement of Financial Accounting Concepts No. 5, Recognition andMeasurement in Financial Statements of Business Enterprises, to routine transactions and…

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