The purpose of this is to apply accounting revenue recognition concepts in a case study.
Read the article “Revenue Recognition Guidance and the Potential for Fraud and Abuse,” located in the Topic resources. In addition, refer to the Starbucks Financial Data – SEC Filings, Form 10-K for the most recent fiscal year and locate the note on revenue recognition in the notes to the financial statements. Provide a paper addressing the following items:
Summarize the five-step revenue recognition standards as presented in Chapter 4 of the textbook.
Refer to the Starbucks Form 10-K and provide examples of how Starbucks follows the five-step revenue recognition model.
link to article and starbucks report are below
https://eds-s-ebscohost-com.lopes.idm.oclc.org/eds…
https://investor.starbucks.com/financial-data/sec-…
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