Revenue Recognition and Accounting Frauds – First Edition discusses different types of Revenue recognition schemes and accounting frauds committed by the businesses. Recognition of the premature revenues or bogus revenues are the two common elements of any revenue recognition scheme, which are addressed in this book.
Revenue recognition is a controversial tool which is used to manage the financial results of the business. There is a very thin line between aggressive accounting and outright financial statement fraud. This book endeavors to address the accounting frauds committed with the revenue recognition techniques