The writing assignment will demonstrate writing across the curriculum by responding to the following topic in a 500-700 words in length paper.

Topic: Two accounting students were discussing the timing of revenue recognition for long-term construction contracts. The discussion focused on which method was most like the typical revenue recognition method of recognizing revenue at the point of product delivery.

Bill argued that recognizing revenue upon project completion was preferable because it was analogous to recognizing revenue at the point of delivery. John disagreed and supported recognizing revenue over time, stating that it was analogous to accruing revenue as a performance obligation was satisfied. John also pointed out that an advantage of recognizing revenue over time is that it provides information sooner to users. Discuss the arguments made by both students. Which argument do you support? Why?

Writing Assignment

The writing assignment will demonstrate writing across the curriculum responding to the topic selected in a 500-700 words paper. Please name your assignment file as ‘lastnamefirstinitial-ACCT-301-W8″, and submit
Turnitin.com is an excellent resource to check the content and quality of writing assignments and to avoid plagiarism. An Originality Report will be generated upon paper submission. The Originality Report does not actually recommend changes. It does point out where you may need to add a citation or quotation marks (if not already cited). Once you use it a few times, you will appreciate this tool, as it will assist you in improving quality and content, as well as avoid plagiarism. Your goal is to keep direct quotations to a minimum and to make sure that you do not just cut and paste material.