Write My Paper!

We provide assignment writing assistance through a team of specialists with Masters and Ph.D. degrees.

Order from us today and get top-quality plagiarism-free papers!!

Revenue Recognition
Intermediate II I ACG 3113 Lively I Fall 2022 Writing Assignment: Revenue Recognition
Topic: Gaines Gym Inc. (GG), offers annual memberships. Members are entitled to use of the facilities during all business hours. Annual membership fees are due in full right away – at the beginning of the membership period. GG offers customers a full refund for any unused period if for any reason a customer is not satisfied. As a result of this policy, GG recognized revenue ratably over the life of the membership rather than when the dues were received from the customer. Gaines Gym Inc.’s CEO, Ahmed Chowdhury, is not satisfied with the company’s performance this year and has requested that you, the Controller of GG, recognize the revenue when received rather than over the membership period. Requirements: Write a memo to Ahmed Chowdhury, the CEO of Gaines Gym Inc. addressing the issues identified below. This memo should be short and to the point (one page, single spaced). Font should not be larger than 12. You will also be graded on how you organize the information. There are many options with how to bundle the “answers” you give; choose the option that would make the memo easiest to read, interpret, and implement by the user. There is no one right way, so it is perfectly fine for students to take different approaches to presenting the information. 1. Discuss the factors to be considered in determining when revenue should be recognized per Accounting Standards Update No. 2014-09, Revenue from Contract with Customers. You can find a lot of good information in chapter 18 of your textbook. You may conduct additional research, if necessary, but it is not required. If needed, be sure to cite your sources appropriately. 2. Apply the above guidance to Gaines Gym, Inc.’s facts. 3. Explain to CEO Chowdhury what your decision is with respect to GG’s accounting treatment concerning membership revenues. Be sure to explicitly explain the criteria under GAAP that justifies your position. 4. If there are any potential ethical issues in this situation, please kindly explain these to the CEO. The opening to chapter 18 is a great place to read up on ethical issues related to revenue recognition.
Individual Assignment & Plagiarism: Please remember that this is an individual assignment. You may discuss the topic with others, but you are expected to do 100% of your own work. Do not share your paper with anyone else. You will need to read Chapter 18 of your textbook to better understand the issues with respect to revenue recognition. If you conduct additional research for this memo and use any ideas that are not your own, be sure to provide a citation within the memo and add a works cited listing following your memo. Additionally, you may view your Turnitin (plagiarism checker) score. If it is high, it may be flagged for potential plagiarism. Turnitin will flag anything that is a direct copy from somewhere, even if you have it documented properly. So, rest assured, if you have properly documented something that is

Special offer! Get 15 - 30% discount on all orders - Check Coupons Section

Essay Help for Your Convenience

Any Deadline - Any Subject
We cover any subject you have.
Set the deadline and keep calm.
Receive your papers on time.
Detailed Writer Profiles
That’s our Place of Truth.
Look over the writers’ ratings, success rating, and the feedback left by other students.
Email and SMS Notifications
Stay informed 24⁄7 about every update of the whole ordering process.
Plagiarism Free Papers
We double-check all the assignments for plagiarism and send you only original essays.
Chat With Your Writer
Communicate directly with your writer anytime regarding assignment details, edit requests, etc.
Affordable Prices
We offer the lowest prices per page in the industry, with an average of $7 per page.
App Essay Writers Features
Get All The Features For Free
per page
FREE  Plagiarism report
FREE  The best writer
FREE  Formatting
FREE  Title page
FREE  Outline
Place An Order

We Offer the Custom Writing Service with 3 Key Benefits

Quality Essay Help

Our team of professional writers guarantees top-quality custom essay writing results.

The Best Support Service

Get 24⁄7 help with proofreading and editing your draft – fixing the grammar, spelling, or formatting of your custom writing. 

Affordable Writing Service

We guarantee a perfect price-quality balance to all students. The more pages you order, the less you pay.

Benefit From App Essay Writers Extras

Along with our writing, editing, and proofreading skills, we want to make sure you get real bang for your buck, which is why we provide all these extra features.

Quick Turnaround
Looming deadline? Get your paper done in 6 hours or less. Message via chat and we'll get onto it.
Free Turnitin Report
Originality is our key priority. We provide a FREE Turnitin report with every essay, so you'll know it's definitively plagiarism-free!
QA Department
An extra set of eyes never hurts! Your essay is examined by our QA experts before delivery.
Flexible Discount System
The further the deadline or the more pages you order, the lower the price! Affordability is in our DNA.
Unlimited Revisions
All revisions are free of charge. Ask your writer for adjustments and you'll have them in no time!
24/7 Support
We're here for you day and night. Connect with customer support around-the-clock for any orders or urgent questions.

Custom Essay Writing Service

Get your custom writings in the best quality: