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Accounting

Statistics

Counts

Total Pages: 3.74
Total Words: 934
Total Characters: 5275
Number of Sentences: 63

Averages

Words per Sentences: 14.83
Characters per Words: 5.65

Readability

Flesch Reading Ease: 50.85
Fog Scale Level: 14.07
Flesch-Kincaid Grade Level: 9.85

Accounting

                     Justin Denman
                     Accounting and Auditing Processes
                     March 4, 2000
                     Writing Assignment #1

                     Revenue Recognition Policies

                     The purpose of this paper is to compare the revenue recognition policies of
                     two companies in the search, detection, navigation, guidance, and
                     aeronautical systems industry. The two companies I have selected are
                     Aerosonic Corporation, and Esco Electronics Company.
                     Esco Electronics Company is engaged in the design, manufacture, sale and
                     support of engineered products. These products are used principally in
                     filteration/fluid flow applications, electromagnetic compatibility (EMC)
                     testing, and electric utility communications and control systems. The
                     filtration/fluid flow and EMC testing products are supplied to a broad base
                     of industrial and commercial customers worldwide. At the present time,
                     electric utility communications systems are marketed primarily to customers
                     in North America. The four primary industry segments of Esco are
                     Filtration/Fluid Flow, Test, Communications, and other.
                     In order for Esco to conform with generally accepted accounting principles,
                     management must make careful estimates in preparing the financial
                     statements. These estimates are for anticipated contract costs and revenues
                     earned during the life of the contract. These amounts affect the reported
                     amounts of assets and liabilities on the company’s financial statements.
                     Actual results could differ from these numbers.
...

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