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    Revenue recognition at TSA, Inc.—A roller coaster ride

    Access Status
    Fulltext not available
    Authors
    Chandra, U.
    Dutta, Saurav
    Marcinko, D.
    Date
    2018
    Type
    Journal Article
    
    Metadata
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    Citation
    Chandra, U. and Dutta, S. and Marcinko, D. 2018. Revenue recognition at TSA, Inc.—A roller coaster ride. Issues in Accounting Education. 33 (3): pp. 101-116.
    Source Title
    Issues in Accounting Education
    DOI
    10.2308/IACE-52099
    ISSN
    0739-3172
    School
    School of Accounting
    URI
    http://hdl.handle.net/20.500.11937/74416
    Collection
    • Curtin Research Publications
    Abstract

    This case chronicles revenue recognition practices at TSA, Inc. from 1997 to 2002. As growth in TSA’s revenue declined, the company’s revenue recognition practices became more aggressive. In 2002, TSA’s incoming auditors re-evaluated its revenue recognition policies and restated its financial statements for three prior years. The case provides a real-world situation with complex contracts through which students can improve their understanding of the five-step revenue recognition process under ASC 606, which became effective in fiscal year 2018 for most public entities. Further, it is a rich setting in which to illustrate the judgment and complexity involved in revenue recognition. The case provides students with an opportunity to approach revenue recognition from different perspectives—that of corporate accountant, manager, external auditor, and investor—and is designed for use in Intermediate Accounting as well as in capstone accounting courses at both the undergraduate and graduate levels.

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