Revenue and Expense Recognition

The pros and cons of allowing flexibility in GAAP
The pros and cons of management using this flexibility to manage earnings.
Include an example of a company whose management engaged in earnings management and the consequences of management’s actions.

Substantial: Messages should relate to the subject matter and provide information, opinions or questions about that subject matter. A substantive paper will be a minimum of 300 words and supported by a minimum of two outside, scholarly sources.

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