Finish 2 slides PPT about Accounting case analysis

Outline

Case Analysis:

1. Analyzing if the client is in recognition with the revenue standard (December 15, 2016 started) (mine)

a. Client’s information

b. CPA’s information with auditing analysis

2. Revenue recognition (Carlos)

a. Explanation

b. Identifying scenarios

c. Compliance

d. All firms must comply under newly updated regulation

3. Auditing: Opinion (Faris)

a. Qualified (not maintained GAAP accounting principles.) or unqualified opinion (conform to generally accepted accounting principles (GAAP) and have not hidden any important facts.

b. Auditor’s independent (Conflict of Interest) statement

4. Recommendation on implementing new standard (Oscar)

a. Client’s statement/thoughts

b. CPA’s recommendation

c. Options

5. Finalizing official option (Melissa)

a. What was done wrong

b. Compliance with revenue recognition

My section

1.0 Introduction (in file ACCT 697 Revenue Recognition Case)

"Site-Pick" is a Company web-based decision-support application for site selection and analysis. The Site-Pick application will be used by Customer XYZ to evaluate existing store locations and to assist in the selection of new store locations in Ohio. Under this Statement of Work, the Company will provide the following products and services in support of the implementation and operation of the Site-Pick application for Customer XYZ related to its real estate site selection operations in Ohio: 

Base Components:

o Software licenses

o Data licenses 

Managed Services for hosting the Site-Pick application 

Professional Services for data preparation and loading, Site-Pick configuration and setup, and training.

Below is my outline:

Analyzing if the client is in recognition with the revenue standard (December 15, 2016 started)

Client’s information

CPA’s information with auditing analysis