REVENUE RECOGNITION ISSUES

 

 

 

 

 

 

 

 

Revenue Recognition Issues



 

 

 

 

 

 

Revenue Recognition Issues

Introduction

The enquiry by a regulation firm focuses on the next events. On October 27, 2009, after the market shut, Apollo Group, Inc described its economic outcomes for the fourth quarter and year completed August 31, 2009, encompassing profits per share of $1.06 for the three months completed August 31, 2009 omitting certain exceptional items.  In supplement to asserting “[w]e are satisfied to report another quarter of very good economic and functioning performance”, Apollo Group, Inc furthermore described that the U.S. Securities and Exchange Commission had started an casual search into Apollo Group's income acknowledgement ...