Accounting

Justin Denman Accounting and Auditing Processes March 4, 2000 Writing Assignment #1 Revenue science Policies The purpose of this paper is to compargon the revenue recognition policies of cardinal companies in the search, detection, navigation, guidance, and aeronautical systems industry. The two companies I have selected are Aerosonic Corporation, and Esco Electronics caller-out. Esco Electronics Company is engaged in the design, manufacture, sale and support of engineered products. These products are utilize principally in filteration/fluid flow applications, electromagnetic compatibility (EMC) testing, and electric avail communications and control systems. The filtration/fluid flow and EMC testing products are supplied to a broad base of industrial and commercial customers worldwide. At the mystify time, electric utility communications systems are marketed primarily to customers in North America.

The four primary industry segments of Esco are Filtration/Fluid Flow, Test, Communications, and other. In order for Esco to conform with generally accepted accounting principles, care must make careful estimates in preparing the financial statements. These estimates are for judge contract costs and revenues earned during the life of the contract. These amounts affect the reported amounts of assets and liabilities on the companys financial statements. Actual results could differ from these numbers. Revenues are recognized on commercial sales... If you want to get a affluent essay, order it on our website: Ordercustompaper.com

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