Is the price right? WD-40's revenue recognition choices based on financial disclosures from the WD-40 Company / Timothy B. Graupensperger.
Accounting Standards Codification 606, Revenue from Contracts with Customers, provides greater standardization of revenue recognition practices across industries and companies, thereby promoting comparability for the users of financial statements. This case provides students an opportunity to learn...
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Full Text (via SAGE) |
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| Main Author: | |
| Format: | eBook |
| Language: | English |
| Published: |
London :
SAGE Publications: SAGE Business Cases Originals,
2022.
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| Series: | SAGE Business cases.
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| Subjects: |
| Summary: | Accounting Standards Codification 606, Revenue from Contracts with Customers, provides greater standardization of revenue recognition practices across industries and companies, thereby promoting comparability for the users of financial statements. This case provides students an opportunity to learn about revenue recognition procedures by employing a detailed analysis of transaction prices using data from financial disclosures from the WD-40 Company. Students will be asked to review Form 10-K excerpts to learn about the company's business models and accounting practices, review a Securities and Exchange Commission comment letter, and analyze the implications of the company's response. |
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| Physical Description: | 1 online resource : illustrations. |
| Bibliography: | Includes bibliographical references and index. |
| ISBN: | 9781529794687 1529794684 |
| Source of Description, Etc. Note: | Description based on XML content. |