Sales Revenue As a Key Audit Issue in Russia (Part 2)

Auditor ◽  
2021 ◽  
pp. 53-60
Author(s):  
Lyudmila Sotnikova
Keyword(s):  
Securities Market ◽  
Revenue Recognition ◽  
Information Transparency ◽  
Sales Revenue ◽  
International Standard ◽  
Key Questions ◽  
As If

Organizations whose securities are traded with the organizers of trading in the securities market, which include public joint stock companies, are subject to mandatory audit. Th e auditor’s reports, in accordance with the requirements of International Standard on Auditing 701, issued to such organizations, must disclose key audit matters. Very oft en, auditors opt for such a key issue as “revenue recognition”. Th e article discusses situations when the choice of the topic of the key question on revenue seems insuffi ciently justifi ed, and the wording of the key questions is as identical as if their text was standardized, while the adoption of standard 701 had the opposite goal — information transparency, specifi city and reflection of the characteristics of the activities of each audited entity.

Sales Revenue As a Key Audit Issue in Russia

Auditor ◽  
2021 ◽  
Vol 7 (2) ◽  
pp. 7-16
Author(s):  
Lyudmila Sotnikova
Keyword(s):  
Securities Market ◽  
Revenue Recognition ◽  
Information Transparency ◽  
Sales Revenue ◽  
International Standard ◽  
Key Questions ◽  
As If

Organizations whose securities are traded with the organizers of trading in the securities market, which include public joint stock companies, are subject to mandatory audit. Th e auditor’s reports, in accordance with the requirements of International Standard on Auditing 701, issued to such organizations, must disclose key audit matters. Very oft en, auditors opt for such a key issue as “revenue recognition”. Th e article discusses situations when the choice of the topic of the key question on revenue seems insuffi ciently justifi ed, and the wording of the key questions is as identical as if their text was standardized, while the adoption of standard 701 had the opposite goal — information transparency, specifi city and reflection of the characteristics of the activities of each audited entity.

scholarly journals Ecosandals.Com: The Digital Transformation of a Social Enterprise

10.28945/4220 ◽  
2018 ◽  
Vol 3 ◽  
pp. 001-014
Keyword(s):  
Digital Technology ◽  
Social Enterprise ◽  
Digital Transformation ◽  
The Internet ◽  
Operating Model ◽  
Sales Revenue ◽  
Internet Platform ◽  
Set Up ◽  
Future Growth ◽  
Key Questions

The Wikyo Akala Project (WAP) was a cooperative set up as a social enterprise that sought to pool the efforts of the sandal makers in the Korogocho area, Nairobi, Kenya, in order to improve their sales revenue using the internet platform. WAP struggled to survive as a “bricks-and-mortar” social enterprise in the first six years of operation. However, with the adoption of a “clicks-and-mortar” digital strategy through an e-commerce platform, the project witnessed phenomenal growth as the internet architecture provided them with an opportunity to re-think their operating model. The key questions and decisions that faced them were the following: 1. Which operating model would be appropriate for their social enterprise operating in a resource constrained environment? 2. Secondly, how could they incorporate digital technology into the standardization of their services and processes, and to enable integration of their processes? 3. And thirdly the issue of future growth, sustainability and competition needed to be addressed.

scholarly journals Marketing/Sales Students Understanding Of What Counts As Sales

2009 ◽  
Vol 2 (8) ◽  
pp. 115-124
Author(s):  
Leon Hoshower ◽  
Ashok K. Gupta
Keyword(s):  
Undergraduate Students ◽  
Sales Force ◽  
Revenue Recognition ◽  
Sales Revenue ◽  
Financial Restatements ◽  
Basic Understanding

Improper sales revenue recognition is the single largest issue contributing to financial restatements. Understanding and applying the rules of sales revenue recognition is not just an accounting problem; it is a marketing problem, too. Thus, it is important that the sales force has a basic understanding of the rules of sales recognition and be aware of when they should seek advice from accounting on the details of sales agreements. Unfortunately, most marketing and sales curricula neither expose nor alert students to sales revenue recognition issues and the resulting ethical, financial, legal and marketing consequences of improper revenue recognition. Such students, after joining the workforce, may pursue certain marketing goals, strategies and tactics which may lead them unknowingly to engage in unethical and/or illegal practices. Our findings based on a survey of 300 undergraduate students highlight the deficiencies in their understanding of what counts as sales. The survey used real cases where SIC found that misreporting of sales has occurred.

Getting out of the comfort zone. Reply to responses

2014 ◽  
Vol 21 (1) ◽  
pp. 50-64 ◽  
Author(s):  
Miguel John Versluys
Keyword(s):  
Material Culture ◽  
Present Situation ◽  
Comfort Zone ◽  
New Developments ◽  
Ongoing Process ◽  
Per Se ◽  
Key Questions ◽  
As If

My essay is intended as an archaeological dialogue on Romanization in the sense that it tries ‘to creatively discuss what we mean when we say “Rome”, across boundaries set by disciplines or scholarly traditions, fuelled by new developments in other fields, and especially in terms of material culture’ (p. 6). Therefore it is looking ahead on purpose, with the historiography of the field (only) serving as a means to an end and not so much as a point of discussion in its own right. Resuscitating, repairing or refitting the concept of Romanization itself is not at stake: on purpose I talked about ‘reinvigorating the Romanization debate’ while not discussing the feasibility of the concept in the present situation (‘When I use the term “reinvigorating” I explicitly do not mean to indicate that we should continue the debate as if Romanization were either good or bad, or to question whether or not we should use the term at all’) (p. 6). The essay, therefore, is not so much about Romanization 2.0 per se, but rather about triggering a debate to get us going again or, to paraphrase Woolf's conclusion, to get us out of the Romanization/‘Romanization’ comfort zone. The Romanization debate indeed seems to have brought us a new canon of reference works and key concerns, as Woolf rightly remarks. I argue that we should urgently try to refresh the canon by looking critically at what has become received wisdom and by simultaneously exploring what could become new key questions for our field. Canonization should be a dynamic and ongoing process.

scholarly journals Consignment Income Recognition and Measurement in Indonesia Retail Companies

2018 ◽  
Vol 4 (2) ◽  
pp. 202
Author(s):  
Zharunisa Zharunisa ◽  
Priandaru Wahyu Hutomo ◽  
Amrie Firmansyah
Keyword(s):  
Stock Exchange ◽  
Accounting Standards ◽  
Financial Statements ◽  
Financial Accounting ◽  
Revenue Recognition ◽  
Sales Revenue ◽  
Direct Observations ◽  
Final Sample ◽  
Qualitative Descriptive ◽  
A Company

<p>This study aims to review the consignment income recognition and measurement from the consignee. Up to now, there is no specific Indonesia Statement of Financial Accounting Standards (hereinafter referred to as PSAK) that regulates the recognition, measurement, and disclosure of consignment revenues. The PSAK used in this study refers to PSAK 23, 2017 on Corporate Revenues.</p><p>The research method used in this research is qualitative descriptive by comparing data obtained from direct observations in a company with theories and financial accounting standards related to consignment income. The population used in this study is the financial statements of 2017 from the retail sub-sector companies listed on the Indonesia Stock Exchange (IDX). Based on the examination of 93 companies regarding consignment transaction information, this study obtained a final sample of 10 companies. This paper analyzes the application in the consignment income recognition and measurement in retail companies to further examine its suitability with revenue recognition by PSAK 23, 2017.</p>This study finds that the retail sub-sector companies have some similarities in recording consignment revenues and have obediently made disclosures related to consignment sales revenue following PSAK 23, 2017 even though there was no specific PSAK regulating consignment.

Improvement of an artificial test substrate technique for evaluation of em immunocytochemical labeling

1987 ◽  
Vol 45 ◽  
pp. 762-763
Author(s):  
G. D. Gagne ◽  
M. F. Miller
Keyword(s):  
Bovine Serum Albumin ◽  
Serum Albumin ◽  
Bovine Serum ◽  
Artificial Substrate ◽  
Chemical Fixation ◽  
As If

We recently described an artificial substrate system which could be used to optimize labeling parameters in EM immunocytochemistry (ICC). The system utilizes blocks of glutaraldehyde polymerized bovine serum albumin (BSA) into which an antigen is incorporated by a soaking procedure. The resulting antigen impregnated blocks can then be fixed and embedded as if they are pieces of tissue and the effects of fixation, embedding and other parameters on the ability of incorporated antigen to be immunocyto-chemically labeled can then be assessed. In developing this system further, we discovered that the BSA substrate can also be dried and then sectioned for immunolabeling with or without prior chemical fixation and without exposing the antigen to embedding reagents. The effects of fixation and embedding protocols can thus be evaluated separately.

Accent Modification for Speakers With Indian Accents: Speech Characteristics and an Assessment Framework

2012 ◽  
Vol 19 (1) ◽  
pp. 12-20 ◽  
Author(s):  
Amee P. Shah
Keyword(s):  
United States ◽  
Asian Indian ◽  
The United States ◽  
Assessment Framework ◽  
Speech And Language ◽  
Speech Characteristics ◽  
Accent Modification ◽  
Key Questions

In this paper, I present accent-related variations unique to Asian-Indian speakers of English in the United States and identify specific speech and language features that contribute to an “Indian accent.” I present a model to answer some key questions related to assessment of Indian accents and help set a strong foundation for accent modification services.

Naloxon – Medizinische Grundlagen und internationale Erfahrungen

2019 ◽  
Vol 65 (5) ◽  
pp. 335-342
Author(s):  
Norbert Wodarz ◽  
Jörg Wolstein ◽  
Heike Wodarz-von Essen ◽  
Oliver Pogarell
Keyword(s):  
Randomized Controlled Trial ◽  
Glasgow Coma Scale ◽  
Controlled Trial ◽  
Cochrane Library ◽  
Coma Scale ◽  
International Standard ◽  
Trial Number ◽  
Randomized Controlled ◽  
Opioid Crisis ◽  
Lebensrettende Basismaßnahmen

Zusammenfassung. Hintergrund: Die Abhängigkeit von Opioiden ist mit erheblichen gesundheitlichen Gefährdungen der Betroffenen und einer hohen Mortalität assoziiert. Derzeit werden insbesondere die dramatisch gestiegenen Mortalitätsraten in den USA diskutiert (‚opioid crisis‘), aber auch in Deutschland war in den letzten Jahren ein kontinuierlicher Anstieg der Drogentoten, überwiegend verursacht durch Opioide, zu verzeichnen. Die Risiken einer Opioid Überdosierung bzw. Intoxikation resultiert vor allem aus der hemmenden Wirkung der Opioide auf den Atemantrieb, die durch andere gleichzeitig konsumierte Substanzen noch verstärkt werden kann. Neben Erstmaßnahmen (Notruf, lebensrettende Basismaßnahmen der Ersten Hilfe) kommt auch der Einsatz des Opioidantagonisten Naloxon in Betracht. Methode: Literaturrecherche in PubMed, Cochrane Library und im International Standard Randomized Controlled Trial Number (ISRCTN) Register. Ergebnisse: Auch aus ethischen Gründen liegen bislang eher wenig systematische Untersuchungen zum nicht-ärztlichen Einsatz von Naloxon bei Opioidüberdosierung vor. Trotzdem kann nach aktuellem Stand geschlussfolgert werden, dass die intranasale Verabreichung vergleichbar wirksam mit einer intramuskulären Anwendung zu sein scheint. Bei Überdosierten, die nach erfolgreichem Naloxon-Einsatz aus unterschiedlichen Gründen nicht in einer Klinik gebracht wurden, wurden in ca. 1 %. Todesfälle dokumentiert. Falls 60 min nach Naloxongabe unauffällige Vitalparameter und auf der Glasgow Coma Scale mind. 15 Punkte erreicht werden, besteht wohl ein sehr niedriges Rebound-Risiko. Im Vergleich dazu ist das Auftreten von Naloxon-induzierten Entzugssyndromen deutlich häufiger, hängen jedoch von der Dosis und dem konsumierten Opioid ab, wie auch von der verabreichten Naloxon-Dosis. Schlussfolgerungen: Naloxon kann mittlerweile auch in Deutschland als zugelassenes Nasalspray verabreicht werden und ist daher im Prinzip auch für den Einsatz durch Ersthelfer geeignet. Verbesserte Rahmenbedingungen, wie z. B. spezifische Schulungen könnten dazu beitragen, Take-Home Naloxon als erfolgreichen Baustein zur Reduktion von Drogentod zu implementieren.

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