Question: This module discuss important financial reporting issues; accounting estimations and valuations for various operating activities. For example, they discuss in-depth implication of revenue recognition,

This module discuss important financial reporting issues; accounting estimations and valuations for various operating activities.

For example, they discuss in-depth implication of revenue recognition, sales allowances, deferred revenue (unearned revenue we learned from previous modules), foreign currency exchange fluctuations on the revenues, and account receivables, etc.

These topics. have direct impacts on our. income statements, and have significant. implications for earnings. management.

1. Discuss these topics, focus on how each item would affect financial reporting in general.

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