Many accounting abuses by corporations relate to improper revenue recognition. These can be from relatively simple frauds, such as recording a sale where the product has not been shipped, to relatively complex frauds involving manipulation of assumptions under percentage of completion methodologies. | Many accounting abuses by corporations relate to improper revenue recognition. These can be from relatively simple frauds, such as recording a sale where the product has not been shipped, to relatively complex frauds involving manipulation of assumptions under percentage of completion methodologies. |