Sentence examples for improper revenue from inspiring English sources

"And improper revenue recognition is a major, if not the primary, cause of earnings restatements in the technology sector".

SmartForce shares plunged yesterday after the maker of training software said that it would restate more than three years of results because of improper revenue recognition.

The S.E.C. contends that Mr. Ohlhauser failed to take appropriate action upon discovering that Solucorp, an environmental remediation company, had backdated a license agreement to cover up improper revenue recognition for the quarter that ended on Sept. 15, 1997.

True, but the temptation to give it a try, faced with so many naive punters hungry for fat returns, seems undiminished.Gerard Zack, the author of "Financial Statement Fraud", a textbook, reckons that perhaps two-thirds of cases involve improper revenue recognition.

So far in the technology sector, federal investigators and prosecutors here have set their sights on relatively small companies, where a high proportion of problems center on what accountants call improper "revenue recognition" -- the recording of revenue that does not exist.

–The most common fraud techniques involved improper revenue recognition, followed by overstatement of assets and bogus expense recognition.

The details of what happened at Peregrine are hazy, but it is fascinating that Peregrine said the improper revenues "may have been written off in later quarters" of its last two fiscal years.

Early this year, he approved a $3 million agreement between the S.E.C. and Vitesse Semiconductor over the improper accounting of revenue and the backdating of stock options.

The company has been hit with at least 10 shareholder lawsuits in the last several months pertaining to what the plaintiffs argue is improper reporting of revenue.

Enron filed for bankruptcy protection in 2001 after restating $586 million in revenue because of improper accounting tied to the partnerships.

In October it said it would restate another $531m of previously recorded revenue because of improper accounting but not fraud.