Posted: August 6th, 2022

Week 1 writing Assignment part 1

The complete Writing Project and Presentation is found in Getting Started. Upload the portion of the project due this week.

Requirements:

Writing, using software, and interpreting results is a large part of your learning experience. These assignments are designed to improve your use of technology and communication skills. Using proper business English and resources from the library you will comment and share your research with your classmates. Make sure you note your source in proper APA format.

Project Information:

One of your accounting firm’s high net worth clients, Todd Caito, is considering investing a significant amount of money in a new toy manufacturing company.  The company, Turf Products, is predicting it will have the hottest toy this holiday season, based on the sales revenue it has generated the last three quarters.  Todd has provided you with the detail for the revenue account and would like you to conduct some procedures and analyze the results.  Todd is concerned the revenue figure might be overstated. 

Week 1 Writing Assignment Part 1:

This project is split into four (4) parts with one (1) part due each week of the course. Based on your readings, use of technology, research of literature, and other sources do the following:

Week 1:  Write a 1-2 page memo to Todd Caito identifying risks to reliable financial reporting in the revenue cycle, including types of revenue related fraud, and other risks related to proper revenue recognition.

Sales

0

1/2/18

$25

1/2/18

$25

195 $25 $4,875

1/3/18

$25

$25

8

$25

1/5/18

$25

1/5/18

$25

$25

1/8/18

$25

1/8/18

2

$25

530 $25 $13,250

1/9/18

$25

1

$25

1/10/18

550 $25 $13,750

$25

1/11/18

250 $25 $6,250

1/11/18

450 $25

1567

$25

1/12/18

315 $25 $7,875

$25

1/15/18

8

$25

$25

1/16/18

400 $25 $10,000

$25

1/17/18

195 $25 $4,875

1/17/18

$25

1/18/18

$25

0

1

299 $25 $7,475

1/19/18

400 $25 $10,000

280 $25 $7,000

1/22/18

370 $25 $9,250

$25

1/23/18 1736 500 $25

1/23/18

3

$25

1/23/18

$25

$25

1/24/18

$25

240 $25 $6,000

1/25/18 1567 195 $25 $4,875

1/25/18 2920

$25

160 $25

1/26/18

450 $25 $11,250

1073 360 $25 $9,000

1/29/18

$25

$25

1/30/18

280 $25 $7,000

1/30/18

0

$25

1

370 $25 $9,250

1/31/18

465 $25

1/31/18

$25

1736 325 $25 $8,125

2/1/18

185 $25 $4,625

1567 220 $25

2/2/18

$25

2/2/18 2685

$55

2/2/18

350 $25 $8,750

$25

2/5/18

440 $25

1567 320 $25 $8,000

2/6/18

$25

2/6/18

440 $25 $11,000

2/6/18

$25

1241 520 $25 $13,000

2/7/18

320 $25 $8,000

410 $25 $10,250

2/8/18

$25

2/8/18

410 $25 $10,250

2/8/18

7

260 $25 $6,500

1736

$25

2/9/18

160 $25 $4,000

2/9/18 2271

$25

$25

2/12/18

185 $25 $4,625

2/12/18

375 $25

2920 305 $25 $7,625

2/13/18 2685 480 $55

1073

$25

1567 320 $25 $8,000

2/15/18

405 $25 $10,125

2/15/18

$25

2/15/18

$25

205 $25 $5,125

2/16/18 1775 170 $25 $4,250

480 $25 $12,000

2/19/18

$25

2/19/18

$25

450 $25 $11,250

2/20/18 1172 160 $25 $4,000

2/20/18 1594 199 $25 $4,975

2/20/18

210 $25 $5,250

$25

2/21/18 2450 430 $25 $10,750

1389 301 $25

2/22/18

460 $25 $11,500

2/22/18 1955

$25

465 $25 $11,625

2/23/18 1567 220 $25 $5,500

$25

2/26/18 1736 175 $25

2/26/18 2920 450 $25 $11,250

350 $25 $8,750

2/27/18 2612 550 $25 $13,750

440 $25 $11,000

2

500 $25 $12,500

3/1/18

200 $25 $5,000

3/1/18

430 $25 $10,750

3/1/18

535 $25

2420 400 $25 $10,000

3/2/18 2714

$25

3/2/18

$25

1567

$25

3/5/18

$25

210 $25 $5,250

1073 460 $25 $11,500

3/7/18

275 $25

3/7/18

320 $25 $8,000

3/7/18 1574 350 $25 $8,750

1

2452 400 $25 $10,000

3/8/18 2877 310 $25 $7,750

5

520 $25 $13,000

3/9/18 2920 315 $25 $7,875

1738 440 $25 $11,000

3/12/18

380 $25 $9,500

1736 450 $25 $11,250

1249 185 $25 $4,625

3/14/18 2036 205 $25 $5,125

3/14/18 2814 160 $25 $4,000

1875 450 $25 $11,250

3/15/18 2450 410 $25 $10,250

3/15/18 2685

$55

1567 170 $25 $4,250

3/16/18 2823 530 $25 $13,250

1006 305 $25 $7,625

3/19/18 2562 294 $25

3/19/18

390 $25 $9,750

1917 275 $25 $6,875

3/20/18 1955

$25

1

1172 265 $25 $6,625

3/21/18

290 $25 $7,250

3/21/18

480 $25 $12,000

1160 440 $25 $11,000

3/22/18 1736 520 $25 $13,000

3/22/18 1890 510 $25

3/22/18 2218 285 $25 $7,125

400 $25 $10,000

3/23/18 1891

$25

3/23/18 2498 180 $25 $4,500

3/23/18 2920 220 $25 $5,500

$25

3/26/18 2453 205 $25 $5,125

3/26/18

310 $25 $7,750

1567 220 $25 $5,500

3/27/18

450 $25 $11,250

3/27/18 1775 514 $25

3/27/18

225 $25

1241 175 $25 $4,375

3/28/18 2188 350 $25 $8,750

290 $25 $7,250

3/29/18 1255 255 $25

3/29/18 1618 290 $25 $7,250

3/29/18 2023 420 $25 $10,500

3/29/18 2522 175 $25 $4,375

3/29/18 2612 190 $25 $4,750

3/29/18

270 $25

1346 320 $25 $8,000

3/30/18

420 $25 $10,500

3/30/18 2187 460 $25 $11,500

5167 3/30/18 2187 460 $25 $11,500

3/30/18 2934 390 $25 $9,750

750 $25

3/31/18

$25

3/31/18

$25

1567 400 $25 $10,000

4/2/18 1751 320 $25 $8,000

4/2/18 1784 450 $25 $11,250

1594 205 $25 $5,125

4/3/18 1738 310 $25 $7,750

4/3/18 1874

$25

4/3/18 2920 440 $25 $11,000

1044 375 $25 $9,375

4/4/18 2452 215 $25

1172 240 $25 $6,000

4/5/18

200 $25 $5,000

4/5/18 1885 315 $25 $7,875

390 $25 $9,750

4/6/18 2555 500 $25 $12,500

160 $25 $4,000

4/9/18 2450 440 $25 $11,000

4/9/18 2814 510 $25 $12,750

1736 380 $25 $9,500

4/10/18 1915 200 $25 $5,000

4/10/18 2218 460 $25 $11,500

4/10/18 2999 250 $25 $6,250

1078

$25

4/11/18

380 $25 $9,500

4/11/18 1974 430 $25 $10,750

465 $25 $11,625

4/12/18 1225 325 $25 $8,125

405 $25 $10,125

4/13/18 2271 290 $25 $7,250

4/13/18 2776 310 $25 $7,750

1567 220 $25 $5,500

4/16/18

175 $25 $4,375

1484 420 $25 $10,500

4/17/18 2946 430 $25 $10,750

1036 480 $25 $12,000

4/18/18 1738 430 $25 $10,750

4/18/18 1773 325 $25 $8,125

4/18/18 2351 450 $25 $11,250

1006

$25

4/19/18 2530 505 $25

4/19/18 2798

$25

1736 380 $25 $9,500

4/20/18

220 $25 $5,500

4/20/18 2609 380 $25 $9,500

4/20/18 2877 450 $25 $11,250

375 $25 $9,375

4/23/18 2612 360 $25 $9,000

1228 430 $25 $10,750

4/24/18 1758 225 $25 $5,625

4/24/18

410 $25 $10,250

210 $25 $5,250

4/25/18

170 $25 $4,250

1389 315 $25 $7,875

4/26/18 1567

$25

4/26/18

3

285 $25 $7,125

4/26/18 2450 512 $25

225 $25 $5,625

4/27/18

500 $25 $12,500

4/27/18

410 $25 $10,250

1574 225 $25 $5,625

4/30/18 1784 167 $25

4/30/18

370 $25 $9,250

4/30/18 2920 150 $25 $3,750

190 $25 $4,750

5/1/18 2188

$25

310 $25 $7,750

5/2/18 1736 465 $25 $11,625

5/2/18 2138 503 $25

290 $25 $7,250

5/3/18 1684 370 $25 $9,250

5/3/18

440 $25 $11,000

5/3/18

505 $25 $12,625

1690 440 $25 $11,000

1255 370 $25 $9,250

5/7/18 1293 210 $25 $5,250

5/7/18 1955 420 $25 $10,500

5/7/18 2714 260 $25 $6,500

$25

5/8/18 1875 480 $25 $12,000

220 $25 $5,500

5/9/18 1523 340 $25 $8,500

1067 500 $25 $12,500

5/10/18 1372 350 $25 $8,750

5/10/18 1567 270 $25 $6,750

5/10/18 2823 270 $25 $6,750

1490 200 $25 $5,000

5/11/18

480 $25 $12,000

5/11/18

315 $25 $7,875

1241 460 $25 $11,500

5/14/18 1773

$25

5/14/18 2967 225 $25 $5,625

1225 530 $25 $13,250

5/15/18 1241 410 $25 $10,250

5/15/18 2083 150 $25 $3,750

5/15/18 2644 150 $25 $3,750

1890 400 $25 $10,000

5/16/18 2271 440 $25 $11,000

1249 247 $25

5/17/18 1736 245 $25

5/17/18 2218 410 $25 $10,250

5/17/18 2420

$25

5/17/18 2856 205 $25 $5,125

1160

$25

500 $25 $12,500

5/21/18 1734 430 $25 $10,750

1567 460 $25 $11,500

280 $25 $7,000

5/23/18

260 $25 $6,500

5/23/18 2344 252 $25

5/23/18 2708 210 $25 $5,250

220 $25 $5,500

5/24/18 1690 295 $25 $7,375

1172 365 $25 $9,125

5/25/18 2200 310 $25 $7,750

5/25/18 2612 340 $25 $8,500

1006 235 $25

5/28/18 1775 275 $25 $6,875

1225 500 $25 $12,500

1481

$25

5/30/18

250 $25 $6,250

5/30/18 2162 240 $25 $6,000

1326 400 $25 $10,000

5/31/18

375 $25 $9,375

1346 500 $25 $12,500

6/1/18 2776 330 $25 $8,250

$25

6/4/18

430 $25 $10,750

6/4/18 2498 410 $25 $10,250

6/4/18 2920 220 $25 $5,500

1736 160 $25 $4,000

6/5/18 2663 170 $25 $4,250

6/5/18

540 $25 $13,500

1073 450 $25 $11,250

6/6/18 1725 490 $25 $12,250

6/6/18 2166 420 $25 $10,500

6/6/18 2344 330 $25 $8,250

6/6/18 2814 440 $25 $11,000

1160 400 $25 $10,000

6/7/18 2138 490 $25 $12,250

1891 205 $25 $5,125

6/8/18 2934 200 $25 $5,000

6/8/18 2947 350 $25 $8,750

1784 500 $25 $12,500

6/11/18

520 $25 $13,000

6/11/18 2842

$25

1567 195 $25 $4,875

6/12/18 1791 365 $25 $9,125

6/12/18 2141 360 $25 $9,000

1915 425 $25

6/13/18 1955 365 $25 $9,125

6/13/18 1974 299 $25 $7,475

6/13/18 2187 550 $25 $13,750

1323 460 $25 $11,500

6/14/18 1375 250 $25 $6,250

6/14/18 2207 200 $25 $5,000

290 $25 $7,250

1874 530 $25 $13,250

6/18/18 2036 220 $25 $5,500

2042 550 $25 $13,750

6/19/18

500 $25 $12,500

6/19/18

375 $25 $9,375

1594 450 $25 $11,250

6/20/18 1690 500 $25 $12,500

6/20/18 1736 330 $25 $8,250

6/20/18 2714 310 $25 $7,750

1567 230 $25 $5,750

6/21/18 2522 230 $25 $5,750

1167 310 $25 $7,750

6/22/18 1261 229 $25

6/22/18 2297 200 $25 $5,000

1523 505 $25 $12,625

6/25/18 2452 335 $25

1484 320 $25 $8,000

6/26/18 2530 520 $25 $13,000

6/26/18 2609 450 $25 $11,250

6/26/18 2612 390 $25 $9,750

1773 515 $25 $12,875

6/27/18 2453 314 $25

6/27/18 2877 320 $25 $8,000

6/27/18 2999 550 $25 $13,750

1751 490 $25 $12,250

6/28/18 1875 285 $25 $7,125

6/28/18 2814 345 $25

0

6/28/18

500 $25 $12,500

2

1225 150 $25 $3,750

6/29/18 1249 210 $25 $5,250

6/29/18 1567 510 $25 $12,750

6/29/18 1567 510 $25 $12,750

5359 6/29/18 1567 510 $25 $12,750

6/29/18 2036 300 $25

6/29/18 2708 450 $25 $11,250

$25

6/30/18

750 $25 $18,750

6/30/18

800

1684

$25

7/2/18 2871 360 $25 $9,000

7/2/18 2994 475 $25

2162 345 $25 $8,625

7/3/18 2188 330 $25 $8,250

7/3/18 2523 445 $25 $11,125

1166 350 $25 $8,750

7/5/18 2517 390 $25 $9,750

1073 510 $25 $12,750

7/6/18

400 $25 $10,000

7/6/18 2663

$25

1078 480 $25 $12,000

7/9/18 2083 415 $25 $10,375

1567 385 $25 $9,625

1

7/10/18 2166 550 $25 $13,750

7/10/18 2842 490 $25 $12,250

1346 475 $25 $11,875

7/11/18 1690

$25

2200 550 $25 $13,750

1160 480 $25 $12,000

7/13/18 1875 475 $25 $11,875

0

7/13/18 1917 415 $25 $10,375

1255 430 $25 $10,750

7/16/18 1574 515 $25 $12,875

7/16/18 1734 350 $25 $8,750

355 $25 $8,875

7/17/18 1481 246 $25

7/17/18 2141 535 $25 $13,375

500 $25 $12,500

7/18/18 2023 460 $25 $11,500

1389 400 $25 $10,000

2138 390 $25 $9,750

7/20/18 2262 440 $25 $11,000

7/20/18 2293 265 $25 $6,625

7/20/18 2946 390 $25 $9,750

1228 416 $25 $10,400

1567 410 $25 $10,250

7/23/18 2297 360 $25 $9,000

7/23/18 2398 400 $25 $10,000

1123 345 $25 $8,625

7/24/18

320 $25 $8,000

7/24/18

490 $25 $12,250

1791 390 $25 $9,750

7/25/18 1955 275 $25 $6,875

1001 380 $25 $9,500

7/26/18 1323 360 $25 $9,000

7/26/18 2253 480 $25 $12,000

7/26/18

390 $25 $9,750

2422 540 $25 $13,500

7/27/18 2517 530 $25 $13,250

1261 280 $25 $7,000

7/30/18 2871

$25

1885 255 $25 $6,375

7/31/18 1974 385 $25 $9,625

7/31/18 2344 330 $25 $8,250

1758 440 $25 $11,000

1523 410 $25 $10,250

8/2/18 2612 420 $25 $10,500

1359 440 $25 $11,000

8/3/18 1736 365 $25 $9,125

8/3/18 1773 536 $25

8/3/18 2967 405 $25 $10,125

1375 505 $25 $12,625

8/6/18 1690 315 $25 $7,875

1567 475 $25 $11,875

1172 320 $25 $8,000

8/8/18 1228 390 $25 $9,750

8/8/18 2450 380 $25 $9,500

8/8/18 2548 300 $25 $7,500

1293 375 $25 $9,375

8/9/18 1874 550 $25 $13,750

1490 380 $25 $9,500

8/10/18 2207 470 $25

8/10/18 2522 460 $25 $11,500

1225 320 $25 $8,000

8/13/18 1890 285 $25 $7,125

8/13/18 2934 538 $25

1725 415 $25 $10,375

8/14/18 1875 380 $25 $9,500

1326 540 $25 $13,500

1775 275 $25 $6,875

8/16/18

300 $25 $7,500

8/16/18 2465 415 $25 $10,375

8/16/18 2994 300 $25 $7,500

1166 530 $25 $13,250

8/17/18 1738 360 $25 $9,000

8/17/18 2218 520 $25 $13,000

1868 280 $25 $7,000

1325 390 $25 $9,750

8/21/18 1567 395 $25 $9,875

8/21/18 2141 460 $25 $11,500

8/21/18 2877 320 $25 $8,000

1261 335 $25 $8,375

8/22/18 2776 375 $25 $9,375

1241 415 $25 $10,375

8/23/18 2293

$25

8/23/18 2663 450 $25 $11,250

8/23/18 2856 415 $25 $10,375

2036 240 $25 $6,000

8/24/18 2947 376 $25

1167 275 $25 $6,875

8/27/18 2187 335 $25 $8,375

8/27/18 2555 330 $25 $8,250

1488 390 $25 $9,750

8/28/18 1672 270 $25 $6,750

8/28/18 2166 460 $25 $11,500

1955 390 $25 $9,750

8/29/18 2946 400 $25 $10,000

1145 360 $25 $9,000

8/30/18 1323 525 $25

8/30/18

410 $25 $10,250

1484 520 $25 $13,000

8/31/18 1736 400 $25 $10,000

8/31/18 2271 275 $25 $6,875

8/31/18 2271 275 $25 $6,875

8/31/18 2708 400 $25 $10,000

2562 520 $25 $13,000

9/3/18 2714 500 $25 $12,500

9/3/18 2814 380 $25 $9,500

9/3/18 2823 330 $25 $8,250

1044

$25

9/4/18 2138 350 $25 $8,750

2351 240 $25 $6,000

1073 425 $25 $10,625

9/6/18 1773 350 $25 $8,750

9/6/18

390 $25 $9,750

9/6/18 2769 390 $25 $9,750

1006 520 $25 $13,000

9/7/18 1643 480 $25 $12,000

9/7/18 2523 375 $25 $9,375

1389 400 $25 $10,000

9/10/18 1594 360 $25 $9,000

9/10/18 2279 539 $25

1123 520 $25 $13,000

5504 9/11/18 1123 520 $25 $13,000

9/11/18 1488 450 $25 $11,250

9/11/18 1986 470 $25 $11,750

9/11/18 2498 505 $25 $12,625

1346 410 $25 $10,250

9/12/18 1567 315 $25 $7,875

1359 360 $25 $9,000

9/13/18 1791 485 $25 $12,125

1325 425 $25 $10,625

9/14/18 1734 440 $25 $11,000

9/14/18 2344 350 $25 $8,750

1067 370 $25 $9,250

9/17/18 2207 375 $25 $9,375

9/17/18 2798 320 $25 $8,000

9/17/18 2842 450 $25 $11,250

1690 510 $25 $12,750

9/18/18 2422 350 $25 $8,750

9/18/18 2450 370 $25 $9,250

1574 330 $25 $8,250

9/19/18 1758 530 $25 $13,250

9/19/18 2188 550 $25 $13,750

1036 550 $25 $13,750

9/20/18 1773 500 $25 $12,500

9/20/18 2023 230 $25 $5,750

9/20/18 2612 365 $25 $9,125

1684 450 $25 $11,250

5528 9/21/18 1684 450 $25 $11,250
5528 9/21/18 1684 450 $25 $11,250

9/21/18 2083 460 $25 $11,500

1751 365 $25 $9,125

9/24/18 1974 545 $25 $13,625

9/24/18 2188 305 $25 $7,625

9/24/18 2530 440 $25 $11,000

1375 480 $25 $12,000

9/25/18 1874 250 $25 $6,250

9/25/18 1915 300 $25 $7,500

9/25/18 2420 345 $25 $8,625

9/25/18 2453 510 $25 $12,750

9/25/18 2947 450 $25 $11,250

1241 350 $25 $8,750

9/26/18 1885 400 $25 $10,000

9/26/18 1917 350 $25 $8,750

1241 227 $25

9/27/18 1567 510 $25 $12,750

9/27/18 1784 485 $25 $12,125

9/27/18 1891 285 $25 $7,125

2036 550 $25 $13,750

9/28/18 2452 230 $25 $5,750

9/28/18 2562 425 $25 $10,625

9/28/18 2776 525 $25 $13,125

9990 830 $25 $20,750

9/29/18 9991 850 $25

9/29/18 9992 750 $25 $18,750

650 $25

9/30/18 9994 700 $25 $17,500

9/30/18 9995 750 $25 $18,750