What details discussed in the article suggest that Symbol violated the revenue principle
What details discussed in the article suggest that Symbol violated the revenue principle? Who was hurt by management’s unethical conduct:Value of Contra-sales Accounts
Symbol Technologies was a fast-growing maker of bar-code scanners. In 2004, seven high level executives were indicted by the SEC for a variety of accounting frauds including “candy” deals and “channel stuffing” which inflated the revenue figures of the company.
Read this NY Times article, Symbol Technology Accounting Fraud and please respond to the following questions:
What details discussed in the article suggest that Symbol violated the revenue principle? Who was hurt by management’s unethical conduct? Share with your classmates your perspective on this article.
Answer preview to what details discussed in the article suggest that Symbol violated the revenue principle
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