Analysis Of The Book Maus - 1257 Words

Maus is a tale about a young man who is in search for answers about his own life and his father’s life. Vladek Spiegelman is a survivor of the holocaust who reconnects with his son Art Spiegelman by telling him stories of his past. Art creates a well-written comic tale about the Holocaust and the relationship he has with his father. This survivor’s tale takes you back to the Second World War to tell us a story of a Jew who hardly survived life. The story opens with Art visiting his father to get more information about his father’s experiences in WWII so he can write a book. The first chapter of the tale reveals Art’s family. His father, who lives in Rego Park, remarried a holocaust survivor named Mala. Mala and Vladek continuously fight and Vladek wishes he never got remarried. Art’s real mother committed suicide in 1968 when Art was twenty years old. Art never really got to know his mother the way he wanted to. The book reveals that Art’s mother had diaries but Vladek threw them away because he did not want to relive those memories. â€Å"After Anja died I had to make an order with everything†¦these papers had to many memories. So I burned them.† (Maus 1, pg104). Art wanted those diaries because he wanted to know what his mother went through. He had so many questions he wanted answers to. After Art’s mother died, he did not keep a close relationship with his father. They lived separate lives until Art reconnected with his father again to write a story about his life. The taleShow MoreRelatedAnalysis Of The Book Maus 864 Words   |  4 Pagesthroughout his career, working for numerous comic lines. There’s no doubt that Maus certainly was his greatest work. You could consider Spiegalman’s experience to be his best credential. Maus is a graphic novel that depicts basically a cat and mouse representation of the Holocaust. A graphic novel as defined by Webster’s dictionary is a â€Å"fictional story that is presented in comic strip format and published as a book.†(1) Maus tells the story of Spiegelmans father, and his experience as a Jew during theRead MoreAnalysis Of The Book Maus 1077 Words   |  5 PagesMaus Mid-term The Holocaust was and still is a tragedy that is talked about today among many scholars. There are many ways people have attempted writing about the Holocaust, but not all are the same such as Art Spiegelman with his two-volume book Maus: A Survivor’s Tale, which is about his own father’s tale of the Holocaust told through comic medium. Many scholars and writers think that this ironic and experimental approach to the Holocaust is undercutting what really happened. However, within thisRead MoreAnalysis Of The Book Maus 1453 Words   |  6 PagesHolocaust in which millions of Jews were killed. Maus tells the story of father who was a Polish Jew at the time of the Holocaust. Maus is also portrayed visually with high angle shots, low angle shots, curved lines, shadows and rule of thirds. Art Spiegelman drew his graphics in specific way, which was to grab the reader’s attention more to the pictures rather than the words because a photo can explain a thousand words. There are two underlining stories in Maus. One story is telling how Vladeck survivedRead MoreAnalysis Of The Book Maus 853 Words   |  4 PagesAnne Freeman once said â€Å"I know very little about darkness †¦.. except that we cannot stop its coming†. The frame on page 127 of Maus is a perfect depiction of this inevitable saying. In this frame the reader is able to see Vladek and Anna walking on a cross walk that is shaped out as a swastika, and we as the reader cannot see the end of this cross walk. The reason why Art Speiglemen portrayed this subliminal frame precisely the way he did, was to emphasize the inevitability behind not onlyRead MoreAnalysis Of The Book Maus 759 Words   |  4 PagesAmber Yvette Bazan Eng. 1301.S61 Ms. Etherington Dec. 3, 2014 Maus: Response Paper 1 In chapter one of Maus by Art Spiegelman, Artie sets out to visit his father, Vladek, in Rego Park after being away for nearly two years. Vladek has remarried to Mala after Artie s mother s suicide. Artie convinces his father to tell him his story so that he may write a book about his life in Poland and the war. Vladek begins his story by explaining how he met Artie s mother, Anja. In the beginning of chapterRead MoreAnalysis Of The Book Maus 1653 Words   |  7 Pageseither because of luck or some sort of economic advantage. We see this theme in Art Spiegelman s book Maus. Many of the situations Vladek, the main character, finds himself in, he would have never mahde through without luck and/or his socioeconomic status. Vladek witnesses people, family members, sent to the camps and die around him, yet he lives. Why is this? One of the first scenes in the book that luck comes into play is when Vladek is caught by the Nazis and sent to a Prisoner of War campRead MoreAnalysis Of The Book Maus Essay1907 Words   |  8 Pagesjudge a book by its cover, but the cover of Maus aptly sets us up for a reading experience like no other. Maus is a graphic novel that aims to display the gruesome, deplorable, and dehumanizing events that occurred during the Holocaust. The Holocaust, in simple terms, was the brutal genocide of over six million Jews by the hands of the Germans. It can be argued that at its core, Maus is a novel about the father-son relationship between Art Spieglmen and his father, Vladek. What separates Maus from variousRead MoreGraphic Novels : Are They `` Real `` Literature?916 Words   |  4 Pagesliterature. In any aspect, new concepts and ideas that are introduced are always put into question of how capable they are. Many people believe that graphic novels are not a type of literature that can be used in a classroom because they are not â€Å"real books† (Crawford Weiner, n.d). I believe that graphic novels should be offered and encouraged in classrooms. According to Julia Rick, many educators are hesitant to use graphic novels in the classroom. She also states that the reason behind their actionsRead MoreMaus Elements956 Words   |  4 PagesArt Spiegelman’s Maus is a famous, Pulitzer Prize winning tale about the journey of a Jewish Holocaust survivor. Despite the amount of similar storylines, Spiegelman’s creativity with the normal elements of comics has won him high praise. This analysis will focus on Spiegelman’s unique twist on icons, layouts, diegesis, abstraction, and encapsulation as displayed by Maus. Icons are pictures that are used to embody a person, place, thing, or idea. McCloud hammers this concept home by drawingRead MoreBetrayal in Maus Essay1451 Words   |  6 Pagesalso plenty of mistrust for prior friends and neighbors. In the graphic novel, â€Å"Maus (Volume I and II) Vladek Spiegelman makes it very clear to his son, Artie, that one cannot count on their friends. He makes the point that in time of hardship, friends will abandon you quite quickly. Vladek says, â€Å"Friends? Your friends†¦if you lock them together in a room with no food for a week†¦then you could see what it is, friends! (Maus, VI. 5-6). Throughout the novel, we see examples of this gloomy point proven

The Middle East And Iran - 820 Words

the world. No other details are provided, praise Allah and be ready to leave. Specifics were not given, but she needed to plan for an extended period. She left and returned home. She understood that the government now fell under strict sacred rule and that questions of any sort would not be tolerated, in fact questions could be interrupted as doubting the will of Allah. She went back to work and continued her routine, except her routine now had the feeling that she was being observed. Her family was savvy and understood that they should not question her on the events of the day. To most westerners, especially America, the Middle East was something they did not understand. Its easier to think of the middle east as a contrast to America. Think about 50 states sharing boarders and interests with no binding constitution to consolidate shared interests and govern disputes. This is essentially what you have in the middle east. Iran and Iraq are mortal enemies as are the Saudi’s and Iran, multiply this complexity across the entire region and you get an appreciation for the difficulties. All the countries make decisions based on their best interest, decisions will have consequences that are predictable, its the unpredictable that causes the real pain. The unintended consequences that change the world forever are easily observed in hindsight. For WW II to come together the â€Å"winners† in WW I had to become even more oppressive against the Germans causing pain and depression. AShow MoreRelatedIran Changed The Middle East2133 Words   |  9 PagesIran, known as the Republic of Iran located in the Middle East, has been in economic and political downturn since its 1979 revolution. Led by supreme leader named Ayatollah Ali khamenei, who is responsible for their actions and supervision. It is a complex government, very islamic, the problems they are facing is economic development, transforming their government into a stable consolidated democracy and defining their national identity. Iran changed the Middle East by spreading its idea s and formsRead MoreIran s Influence On The Middle East1567 Words   |  7 Pages History: Iran is a country in the middle east that has a rich history dating back over 100,000 years. Iran had also been referred to as Persia until 1935 when the country officially took the name of Iran. Initially, Persia/Iran contained the regions of Anatolia, Bosphorus, Egypt, and Ancient India. In addition, Iran is considered to be one of the first historical societies as they began to keep written records and one of the first civilizations to enter the Iron Age. Iran has experienced numerousRead MoreRelations Between Iran And The Middle East1746 Words   |  7 Pagesrelationship between the western world—especially the United States—and the Middle East. It can be used to trace the reasoning behind many interactions between these two spheres of the world. It is also the basis of one of the most controversial foreign policy operations of the United States, Operation Ajax. Although Operation Ajax happened sixty years ago, its consequences had immediate and lasting effects on both Iran and American-Iranian relations. I will argue that the coup led to the 1979 IslamicRead MoreTerrorism Between Iran And The Middle East1248 Words   |  5 Pageshave set many precedents for how the U.S is to communicate with Iran (and the Middle East) in the future, with some even referencing Obama’s attempts to amend the relationship between the two countries as monumental for not just the political legacy of the U.S, but specifically, the Ob ama administration as well. The relationship between the two countries seems to be primarily focused on the fact that the U.S is trying to control how Iran manages their nuclear weapons program, as the Obama AdministrationRead MoreThe Movement Of Iran And The Middle East And West973 Words   |  4 Pagesrelationship with the Middle East and West. The People’s Mujahidin Organization of Iran (MEK) came into existence in the 1960s as an armed guerrilla movement inside of Iran. The original founders of this movement were university students led by Mohammad Hanifnezhad. Homa Katouzian asserts that, â€Å"After the arrest and military trial of their leaders, and especially in consequence of the military suppression of the revolt of June 1963, they, like some other young dissidents in Iran and the West, reachedRead MoreIran s Current Status Of The Middle East, But Not A Nuclear Iran2865 Words   |  12 Pagesâ€Å"The USA and Europe needs a stable Iran to promote security in t he Middle East, but not a nuclear Iran†. Discuss Security in the Middle East S11702992 Word count: 2864 This Essay will attempt to evaluate and discuss the belief that the USA and Europe needs a stable Iran to promote security in the Middle East, but not a nuclear Iran. Firstly, this essay will address Iran’s current status and role in the Middle East, and how Iran is rising to become a regional power. It will explore the currentRead MoreIran Nuclear Deal And Its Effects On The Middle East847 Words   |  4 Pages The Iran Nuclear Deal has caught the attention of many nations around the world. The Iran Nuclear Deal, is a deal that will prevent Iran from developing an atomic bomb, by reducing and controlling the amount of plutonium and uranium available for them to use. One of the most important countries involved in this deal is the United States. The United States is currently debating whether they should agree to this nuclear deal. Agreeing to this deal will benefit the United States, by suspending someRead MoreThe Role Of The Patriot Act And The Middle East1480 Words   |  6 Pageswild fire in the Middle East, the United States entered a war on terror. The budget on defense spending has risen immensely and some economists debate that this large spending had some effect on the recent recession America has faced. Citizens also feel the effects of the Patriot Act and other legislation that allow government intrusions, reducing our civil rights and such ideals as â€Å"a personal life† . As citizens and even the government blame Muslims for the attack and the Middle East in general. HoweverRead MoreThe Middle East1388 Words   |  6 Pagesin the Middle East. Populations reduced to dust by nuclear war. International actors drawn into tense conflict and potentially world-altering violence. These are the fears held by the U.S. and Israel when considering the possibility of Iranian nuclear weapons. However, the attitudes of the Obama administration in discussing potential deals with Iran have demonstrated a change in the U.S. strategy when interacting with an Iranian regime that desires nuclear capability. In recent months, Iran has madeRead MoreIr The United States And The Second And Second Order Effects1096 Words   |  5 PagesAlthough Iran has an elected president, Hassan Rouhani, the supreme leader/ayatollah controls the military, state broadcasting services and the judicial sector. The Islamic Republic of Iran, previously known as Persia, first established d iplomatic ties with the United States in 1883. Many people do not understand the importance, significance, and/or second and third order effects of U.S.-Iranian relations, although important. As mentioned in an article by Akhilesh Pillalamarri, â€Å"Iran is uniquely

Organizational Behavior Business Simulation Game

Question: Discuss about the Organizational Behavior for Business Simulation Game. Answer: Introduction: BSG (business simulation game) is a strategic tool that attracts consumers working together on a technology based platform for economic processing (Sloan et al., 2013). The team had adopted one of the most efficient cohesive business strategies that are recruiting with care, training program etc. The process is well developed for the evaluation of this activity. The recruitment process is the base of any business plan. During team formation, pure business simulation has been adopted regarding construction of management simulation. In order to achieve establishment in the competitive business marketing field five primry key goals such as EPS, ROE, Credit, image rating, the stock price are considered (Whiteley, Leduc Dawson, 2014). Focus on all the relevant aspects is needed for strategic business planning. The measurement of investor expectation defined that the rate of ERS is less comparatively than others. Thus if the team does not achieve meeting, one of the less important metric image ratings will be sacrificed for its sophisticated measurement. In order to reach the goal of the firm the adopted strategies are well implemented. The things turn out as per the expectation, but some available matrices need certain changes and improvement. The measurement of credit rating is little difficult (Sloan et al., 2013). In order to mitigate this issue, the firm is hiring expert employee team. After the completion of 11 years certain changes required to be obtained. These are as followed: Expert Recruitment Training and development programs Technology improvement Reward function Yes, I have done some strategic changes such as recruiting new employees, technical improvement and by arranging well-organized training and development programs. References Sloan, D., Robson, A., Charity, I., Nguyen, T., Purdie, T. (2013) Can a business simulation game provide support and address learning and assessment criteria. Whiteley, T. R., Leduc, R., Dawson, B. (2014) A cognitive investigation of the internal validity of a management strategy simulation game. Developments in Business Simulation and Experiential Learning,31

Accounting John Haults Case Essay Example

Accounting John Haults Case Essay Electric utility bills. When an electric utility customer uses electricity, the electric company has earned revenues. It is obviously impossible, however, for the company to read all of its customers meters on the evening of December 31. How does the electric company know its revenue for a given year? Explain. According to historical data, the electricity usage usually tended to be fairly constant from month to month. The company can estimate the revenues for each month, by using historical data. Generally high fluctuation will not occur in electricity usage. We can easily estimate the monthly usage by the data of the same month last year. In this situation, if there is any inaccuracy we can adjust its estimation. Usually, the electricity usage is quite constant over time. Therefore, the company can estimate its revenues based on the data from the last year. If there is any inaccuracy, we can make adjustment in the following month. Retainer fee. A law firm received a â€Å"retainer† of $10,000 on July 1, 2006, from a client. In return, it agreed to furnish general legal advice upon request for one year. In addition, the client would be billed for regular legal services such as representation in litigation. There was no way of knowing how often, or when, the client would request advice, and it was quite possible that no such advice would be requested. How much of the $10,000 should be counted as revenue in 2006? Why? Only half of the â€Å"retainer† should be recognized. This is because, according to the Revenue Recognition Principle, we recognize the revenue when the service is rendered. At the end of the year, only six months of the services have been provided. We will write a custom essay sample on Accounting John Haults Case specifically for you for only $16.38 $13.9/page Order now We will write a custom essay sample on Accounting John Haults Case specifically for you FOR ONLY $16.38 $13.9/page Hire Writer We will write a custom essay sample on Accounting John Haults Case specifically for you FOR ONLY $16.38 $13.9/page Hire Writer Even when the client would request advice in a particular month, we still recognize the revenue because our service has always been ready due to our responsibility. In other words, we have been provided the service throughout the year constantly. Half of the â€Å"retainer† which is $5,000 should be counted as revenue in 2006, the rest $50,00 should be recorded as unearned revenue. We consider â€Å"retainer† as a 1 year service contract no matter when the customer will request advice. Actually, we are always stand by for any request from the customer, which mean we are providing service throughout the year constantly. Once you may argue that there may not be any service provided during the rest year. Like the unearned revenue of rent, once they paid an unearned revenue will be recorded, and during the rest period, revenue will be record according to time, no matter the customer â€Å"use† the room or not. For example, in the next month, there will be a decreasing of $1/12X10,000 in unearned revenue and the same amount of increasing in revenue. Contract based on period. Standing-by service: how to recognize? Cruise. Raymond’s, a travel agency, chartered a cruise ship for two weeks beginning January 23, 2007, for $200,000. In return, the ship’s owner agreed to pay all costs of the cruise. In 2006, Raymond’s sold all available space on the ship for $260,000. It incurred $40,000 in selling and other costs in doing so. All the $260,000 was received in cash from passengers in 2006. Raymond’s paid $50,000 as an advance payment to the ship owner in 2006. How much, if any, of the $260,000 was revenue to Raymond’s in 2006? Why? Does the question of whether passengers were entitled to a refund in 2007 if they canceled their reservations make any difference in the answer? Why? According to the Revenue Recognition Principle, no revenue should be recognized in year 2006 because Raymond’s services started from January 23, 2007; revenue is recognized only when the company provides the service to its customers. The $260,000 is recognized as unearned revenue. If the customer cancel the reservations, both of the unearned revenue and the cash account of the company will be reduced. None of the revenue should be reported in 2006. Revenue should be recognized when the service is being received by customers. According to this case, customers received service after January 23, 2007, so the $260,000 is under unearned revenue account, but not revenue. If customer canceled their reservations, there will be a decreasing on both unearned revenue and cash, at a same amount. Accretion. A nursery owner had one plot of land containing Christmas trees that were four years old on November 1, 2006. The owner had incurred costs of $3 per tree up to that time. A wholesaler offered to buy the trees for $4 each and to pay in addition all costs of cutting and bundling, and transporting them to market. The nursery owner declined this offer, deciding that it would be more profitable to let the trees grow for one more year. Only a trivial amount of additional cost would be involved. The price of Christmas trees varies with their height. Should the nursery owner recognize any revenue from these trees in 2006? Why? According to the Revenue Recognition Principle, no revenue should be recognized in year 2006 because there was no transaction during the yaer 2006. No revenue should be recognized in 2006. Because the transaction did not happen during the year 2006. Unbilled† receivables. The balance sheet of an architectural firm shows a significant asset labeled Unbilled Receivables. The firm says this represents in-process projects, valued at the rates at which the customers will be charged for the architects time. Why would a firm do this instead of valuing projects in process at their cost, the same as a manufacturing firm would value its in-process inventory? Does it make any dif ference in the reported owners equity for the architectural firm to report such in-process work as receivables rather than as inventory? Why? For construction projects, it involves a long term process and accidents are so common in construction , which brings extra material cost and wages. So,it is hard to ascertain its cost until the project is finished. If such in-process work is reported as receivables, both revenue and expenses incurred are reported consistently,implying that the reported owner’s equity will increase consistently. However,if it is reported as inventory,the inventory used changes a lot across the construction time,owner’s equity will subsequently increases inconsistently. Because construction is a long term process and there is a written contract between an architectural firm and the customer, its revenue should be recognized according to percentage of completion. For an architectural firm, it won’t use the costs to represent the percentage of completion. Actually, it is very difficult to estimate total costs needed in the construction. During the progress, the total costs probably enhance because of lack of time or wrong use of material. The firm needs to fix the problem and therefore higher costs. As such a case is frequently happened in the progress, it makes estimating the costs difficult. Therefore, it would be better for the architectural firm to recognize revenue by the rates at which the customers will be charged for the architects time. And by using this method, the revenue and expense will be consistent during the architect’s time. Therefore, owners’ equity will increase fixed amount in the architect’s time . If the firm report such in-process work as inventory, as inventory used change a lot during the architect’s time, owners’ equity will not increase consistently. Premium coupons. A manufacturer of coffee enclosed a premium coupon with each $2. 50 (at wholesale) jar of coffee that it sold to retailers. Customers could use this coupon to apply to $0. 50 of the price of a new type of instant tea that the manufacturer was introducing and that sold for $2. 00 wholesale. The manufacturer reimbursed retail stores $0. 60 for each such coupon they submitted. The extra $0. 10 was to pay the grocer for coupon handling costs. Past experience with similar premium offers indicated that approximately 20 percent of such coupons are eventually redeemed. At the end of 2006, however, only about 10 percent of the coupons issued in 2006 had been redeemed. In recording the revenues for the company for 2006, what allowance, if any, should be made for these coupons? Why? If an allowance should be made, should it apply to all the sales revenue of coffee or to the sales revenue of tea? Why? Only 10percent of the coupons redeemed should be recorded as allowance (contra-revenue) which deducts the gross sales of tea. No allowance is needed to be applied to the sales revenue of coffee because the coupons only redeem for buying tea. Travelers checks. A bank sells a customer $500 of American Express traveler’s checks, for which the bank collects from the customer $505. (The bank charges a 1 percent fee for this service. ) How does the bank record this transaction? How does the transaction affect American Express’s balance sheet? $500 payment should be recognized as account payable because it is the liability we should pay to American Express. On the other hand, $5 should be recognized as revenue, for the bank provided the service. The cash account will be increased by $505 and the liability will be increased by $500. Like wisely, the retained earnings is increased by $5. First of all the bank purchases amount of traveler’s checks from American Express. It will increase both the inventory (under assets) and the account payable(under liability). Then the bank sell it at $505, we will record revenue of $505 and COGS of $500, it will also increase the cash by $505 and decrease the inventory by $500. American Express records the transaction as a $500 account receivable until the Bank sells the Traveler’s Checks for cash. Once the customer paid, bank will pay their payable by this amount of cash. American Express will reduce the account receivable, and increasing cash. Product repurchase agreement. In December 2006, Manufacturer A sold merchandise to Wholesaler B. B used this inventory as collateral for a bank loan of $100,000 and sent the $100,000 to A. Manufacturer A agreed to repurchase the goods on or before July1, 2007, for $112,000, the difference representing interest on the loan and compensation for B’s services. Does Manufacturer A have revenue in 2006? Why? The revenue should be recognized by the manufacturer A because the risk and reward of the ownership is transferred to the manufacturer B. For the reason that the manufacturer use this inventory as collateral for bank loan which implies the risk and the reward of the owner ship has been transferred to the wholesaler B. For a sale and repurchase agreement on an asset other than a financial asset, the terms of the agreement need to be analyzed to ascertain whether, in substance, the seller has transferred the risks and reward of ownership to the buyer and hence revenue is recognized. When the seller has retained the risks and rewards of ownership, even though legal title has been transferred, the transaction is a financing arrangement and does not give rise to revenue. In this case, company B used this inventory as collateral for a bank loan, and take risks of those merchandise, so the Manufacturer A have revenue in 2006. (Hong Kong Accounting Standard 18 Revenue) Franchises. A national real estate brokerage firm has become highly successful by selling franchises to local real estate brokers. It charges $10,000 for the initial franchise fee and a service fee of 6 percent of the brokers revenue thereafter. For this it permits use of its well-known name, and provides a one-week initial training course, a nationwide referral system, and various marketing and management aids. Currently, the franchise fee accounts for 25precent of the national firms receipts, but it expects that the United States market will be saturated within the next three years, and thereafter the firm will have to depend on the service fee and new sources of revenues that it may develop. Should it recognize the $10,000 as revenue in the year in which the franchise agreement is signed? Why? If it dose, what will happen to its profits after the market has become saturated? Why? In the year in which the franchise agreement is signed , the$10,000 should not be recognized as revenue because no service is provided. The recognition of the revenue should be matched with the expenses of providing services . If the $10,000 is recognized as revenue, the firm’s profit will drop greatly after the market has become saturated. As the franchise fee accounts for 25 percent of the national firms receipts, the saturation of the market and the recognition of the whole franchise fee in which the franchise agreement is signed implies that the profit after year 3 will drop by 25 percent . If it does recognize the $10,000 as revenue in the year in which the franchise agreement is signed, the profits after the market has become saturated will be lower than the past three years suddenly. In the past three years, the company had franchise fee as revenue, which accounts for 25precent of the revenue. After these three years, however, the market will be saturated, which mean the company wont receive any franchise fee. Revenue will only be 75precent of the past three years. We can expect there will be a huge decrease of profits between year3 and year4. Therefore, we can say that the profit is not consistent if franchise fee is recognized in the year in which the agreement is signed. Computer systems. In the early 2006, the sales vice president of Tech-Logic reached agreement to deliver several computer systems with a total price of $570,000 to an organization in one of the newly independent countries established following the dissolution of the former Soviet Union. Tech-Logic management was very excited about this contract. The countries that were part of the former Soviet Union represented a major market that was just opening up for trade, and these countries especially needed the kinds of high-technology products that Tech-Logic sold. Tech-Logic manufactured and shipped the entire $570,000 order during 2006. Tech-Logic normally recognized revenue on the sale of its products when they were shipped. However, Tech-Logics controller wondered whether the same revenue recognition policy should apply to this contract. First, contract law in these countries was evolving and it was hard to know if certain laws existed or what they were. In addition, the controller was uncertain when Tech-Logic would receive the $570,000 in cash. He had heard that in many of these countries needed for foreign exchange, although the customer kept assuring Tech-Logic that they would receive cash shortly. The controller pondered whether to recognize the entire $570,000 as revenue in 2006. If not, then when should this revenue be recognized? Why? The $570,000 should not be recognized as revenue in 2006 as the payment is not reasonably assured. Although the customer kept assuring Tech-Logic that they would receive cash shortly, no evidence can sure the payment, in addition to the lack of foreign exchange. Since revenue should be recognized only when the payment is assured, the revenue should be recognized when the payment is received or when it is sured that there is the contract law to guarantee the payment in this case. If it is confirmed that no payment can be received,a loss of inventory should be recorded. The revenue should not be recognized when they shipped. In revenue principle, is says that we generally considers revenue to be realized and earned when collectibility of the sale proceeds is reasonably assured. (Securities and Exchange Commission). In this case, the customers country did not have any contract law to protect this deal and lacking foreign exchange, all of these indicate that we are not sure whether we can receive cash or not. We cannot record revenue when the goods are delivered, because the risk of loss has has not passed to the customer, even it has been shipped. We suggest recognize the revenue when the cash receive, or the contract become legitimated. If we confirm that the cash will never receive, that means the company suffer a loss of value of shipped inventory. STEP1(when goods shipped) STEP2(if we receive cash or other valid note) Dr. Cash/Receivable570,000 Cr. Revenue570,000 or STEP2(if we confirm that we will not receive the money) Dr. Loss X Cr. Inventory X