Go to www.sec.gov to search for Oracle Corporation in the EDGAR database or go to the Oracle
Question:
Answer the following questions about the company:
1. Under Part I, Item 1, how does Oracle categorize its products and services? What are its operating segments?
2. Examine the Revenue Recognition accounting policy in the Notes to Consolidated Financial Statements. When does Oracle recognize revenue from new software licenses? For software license updates and product support contracts?
3. Examine Oracle’s balance sheet. Which method of accounting for uncollectible accounts does the company use? How can you tell?
4. Compute Oracle’s allowance for uncollectible accounts as a percentage of trade accounts receivable in the most recent 2 years. What does this tell you about the company’s expectation about possible nonpayment of accounts?
Accounts Receivable
Accounts receivables are debts owed to your company, usually from sales on credit. Accounts receivable is business asset, the sum of the money owed to you by customers who haven’t paid.The standard procedure in business-to-business sales is that... Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...
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Step by Step Answer:
1 Oracle is organized into three businessessoftware hardware systems and services Software has two o...View the full answer
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Related Book For 
Introduction to Financial Accounting
ISBN: 978-0133251036
11th edition
Authors: Charles Horngren, Gary Sundem, John Elliott, Donna Philbrick
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