WebCOMPUTER ASSOCIATES REPORTS FIRST QUARTER FY 2004 RESULTS ... GAAP profitability reached ahead of expectations: Year ago quarter loss of $65 million swings to $10 million profit in current quarter ... “We’ve been listening very carefully to our customers and offering licensing flexibility and management solutions that reflect their demands ... Web2. If Computer Associates achieved the same financial results through GAAP flexibility, does your answer to (1) change? No my answer would not change even the same financial results are achieved under GAAP flexibility because CA promoted a sales driven culture in such a way that it would have violated many other rules of accounting and reporting that …
Solved 1. How serious were Stephen Richards’ actions?
WebQuestion 2: If Computer Associates achieved the same financial results through GAAP flexibility, does your answer to Question1 change? Question 3. Suppose you were placed in Stephen Richards’ position at Computer Associates and were under pressure to extend the fiscal quarter. How would you handle the situation differently? Web2. If Computer Associates achieved the same financial results through GAAP flexibility, does your answer to Question 1 change? No I will not change my answer. Even CA achieved the same financial results but it is hard to determine whether Stephen’s action will bring the company or its shareholders losses in the future by backdating contracts. newlifebox
[Solved] The former head of global sales at Computer Associates In...
Web1. How serious were Stephen Richards’ actions? Why? Stephen Richard’s actions are very serious. CA employees backdated contracts, recorded current quarter’s contracts as previous quarter’s contracts so the previous quarter’s revenue would look nice. This was definitely not accordance with GAAP and violated codes of ethics. Richards as global … WebUnder Generally Accepted Accounting Principles (GAAP) revenues from software licensing were recognized once a contract was signed, the software was delivered, and payment was reasonably assured. Once … WebNetSuite provides GAAP compliant revenue recognition within one system, so there?s no more offline manipulation and juggling among multiple spreadsheets and accounting … new life bookstore mccook ne