Ethics and Governance: Understand Revenue Recognition and Expense Recognition

Ethics and Governance: Understand Revenue Recognition and Expense Recognition

The pros and cons of allowing flexibility in GAAP
The pros and cons of management using this flexibility to manage earnings. Include an example of a company whose management engaged in earnings management and the consequences of management’s actions. The paper should be supported by a minimum of two outside, scholarly sources. Sources must be cited in proper APA format (use in-text citations and provide a list of references).