Revenue Recognition Quotes

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Hey Pete. So why the leave from social media? You are an activist, right? It seems like this decision is counterproductive to your message and work." A: The short answer is I’m tired of the endless narcissism inherent to the medium. In the commercial society we have, coupled with the consequential sense of insecurity people feel, as they impulsively “package themselves” for public consumption, the expression most dominant in all of this - is vanity. And I find that disheartening, annoying and dangerous. It is a form of cultural violence in many respects. However, please note the difference - that I work to promote just that – a message/idea – not myself… and I honestly loath people who today just promote themselves for the sake of themselves. A sea of humans who have been conditioned into viewing who they are – as how they are seen online. Think about that for a moment. Social identity theory run amok. People have been conditioned to think “they are” how “others see them”. We live in an increasing fictional reality where people are now not only people – they are digital symbols. And those symbols become more important as a matter of “marketing” than people’s true personality. Now, one could argue that social perception has always had a communicative symbolism, even before the computer age. But nooooooothing like today. Social media has become a social prison and a strong means of social control, in fact. Beyond that, as most know, social media is literally designed like a drug. And it acts like it as people get more and more addicted to being seen and addicted to molding the way they want the world to view them – no matter how false the image (If there is any word that defines peoples’ behavior here – it is pretention). Dopamine fires upon recognition and, coupled with cell phone culture, we now have a sea of people in zombie like trances looking at their phones (literally) thousands of times a day, merging their direct, true interpersonal social reality with a virtual “social media” one. No one can read anymore... they just swipe a stream of 200 character headlines/posts/tweets. understanding the world as an aggregate of those fragmented sentences. Massive loss of comprehension happening, replaced by usually agreeable, "in-bubble" views - hence an actual loss of variety. So again, this isn’t to say non-commercial focused social media doesn’t have positive purposes, such as with activism at times. But, on the whole, it merely amplifies a general value system disorder of a “LOOK AT ME! LOOK AT HOW GREAT I AM!” – rooted in systemic insecurity. People lying to themselves, drawing meaningless satisfaction from superficial responses from a sea of avatars. And it’s no surprise. Market economics demands people self promote shamelessly, coupled with the arbitrary constructs of beauty and success that have also resulted. People see status in certain things and, directly or pathologically, use those things for their own narcissistic advantage. Think of those endless status pics of people rock climbing, or hanging out on a stunning beach or showing off their new trophy girl-friend, etc. It goes on and on and worse the general public generally likes it, seeking to imitate those images/symbols to amplify their own false status. Hence the endless feedback loop of superficiality. And people wonder why youth suicides have risen… a young woman looking at a model of perfection set by her peers, without proper knowledge of the medium, can be made to feel inferior far more dramatically than the typical body image problems associated to traditional advertising. That is just one example of the cultural violence inherent. The entire industry of social media is BASED on narcissistic status promotion and narrow self-interest. That is the emotion/intent that creates the billions and billions in revenue these platforms experience, as they in turn sell off people’s personal data to advertisers and governments. You are the product, of course.
Peter Joseph
Jack’s secret is not just to reward people for their profit contribution in the “great game of business.” It’s to put real numbers right in workers’ faces so they make better decisions every minute, every day, for every customer. I would go one step further, and maybe Jack already has. I would give employees a minor share in the overall company, but I would also then use software to measure each individual’s or team’s contributions after fair overhead allocations and direct costs. This would mean the back-line “servers” have fair revenue recognition of their efforts on behalf of the front-line “browsers” who actually serve the end customers. Is this not possible in a light-speed world of software and business metrics? We need more real business leaders and visionaries like Jack Stack, not BS Wall Street leverage artists or old-line corporate managers who merely streamline their top-down management systems while their workers wait for their unfunded retirement and death. And we need real educators, like Neil deGrasse Tyson, who can make science understandable to everyday people. Most of all, we need people to love what they do so much that they won’t even think of retiring at age 63 or 65 or even 75. They’re so productive and happy that they don’t worry about a retirement that doesn’t make sense to them anymore, though it’s there if they have health challenges. They’re too busy satisfying their customers and creating new businesses to contemplate life without that fulfillment. They’re so focused on what they do that they’re like the champion basketball player who’s totally “in state” and one with his process. They’re certainly not bored or waiting to retire and do nothing!
Harry S. Dent (Zero Hour: Turn the Greatest Political and Financial Upheaval in Modern History to Your Advantage)
Just as an aside, the most common source of accounting fraud has been and probably always will be in that top line: sales. Many companies play with revenue recognition in questionable ways. The issue is particularly acute in the software industry. Software companies often sell their products to resellers, who then sell the products to end users. Manufacturers, under pressure from Wall Street to make their numbers, are frequently tempted to ship unordered software to these distributors at the end of a quarter. (The practice is known as channel stuffing.)
Karen Berman (Financial Intelligence: A Manager's Guide to Knowing What the Numbers Really Mean)
Interestingly, such a change is not illegal. An explanation might appear in a footnote to the financial statements, but then again it might not. Maybe you noticed in chapter 6 that the Hewlett-Packard footnote regarding revenue recognition policy mentioned 2009 and 2010. That’s because later in that same section the company describes what it did differently in 2008: For fiscal 2008 . . . HP allocated revenue to each element based on its relative fair value, or for software, based on VSOE of fair value. In the absence of fair value for a delivered element, HP first allocated revenue to the fair value of the undelivered elements and the residual revenue to the delivered elements . . . .
Karen Berman (Financial Intelligence: A Manager's Guide to Knowing What the Numbers Really Mean)
States do not grapple with decarceration strategies & explore alternatives bc of an ethical recognition of the continuing harms of prisons or an understanding of the intertwined histories of capitalism, white supremacy, & punishment in the US, but rather bc coffers are empty, and prisons & punishment consume ever-growing portions of shrinking revenues.
Erica R. Meiners (For the Children?: Protecting Innocence in a Carceral State (Posthumanities))
that is subject to accelerated revenue recognition as a result of aggressive management estimates is one that has “multiple deliverables.” In this type of arrangement, the seller provides several distinct, but intermingled deliverables over an extended period of time. For example, wireless telecom companies often package mobile phone service and a cell phone handset together in the same contract. Sometimes the handset is sold to the customer at a greatly discounted price (or even given away for free), as long as the customer also agrees to a two-year service contract. Accounting rules require the seller to allocate a portion of the total contract value to the handset (to be recognized as revenue up front) and a portion to the service contract (to be recognized over the life of the contract). The seller uses assumptions in estimating how to split the revenue between the two deliverables. By changing these assumptions or
Howard Schilit (Financial Shenanigans: How to Detect Accounting Gimmicks & Fraud in Financial Reports)
Michael’s biggest stroke of genius, though, might have been his recognition that Disney was sitting on tremendously valuable assets that they hadn’t yet leveraged. One was the popularity of the parks. If they raised ticket prices even slightly, they would raise revenue significantly, without any noticeable impact on the number of visitors. Building new hotels at Walt Disney World was another untapped opportunity,
Robert Iger (The Ride of a Lifetime: Lessons Learned from 15 Years as CEO of the Walt Disney Company)
Tough times brought on by the Gulf War were testing such assumptions, forcing us to consider our response. We needed to come up with new ideas, do more with less, make short-term gains through greater efficiency, and prepare for long-term gains. That meant cutting every dollar possible in overhead and procedures while maintaining or boosting spending in three vital competitive areas. Number one was product quality. World leadership demanded that we maintain world-class quality, and recession is generally a period when material and labor prices are lowest and room occupancies are down. So we renovated and refurbished at such normally busy properties as the Inn on the Park in London and The Pierre in New York at a time when revenue would be little affected and customers least inconvenienced. That meant we were spending when others were retrenching. We had followed that strategy in 1981-82, and the rebound from that recession had given us nine years of steady growth. I thought the odds were in our favor to score the same way again. The second area was marketing. It’s tempting during recession to cut back on consumer advertising. At the start of each of the last three recessions, the growth of spending on such advertising had slowed by an average of 27 percent. But consumer studies of those recessions had showed that companies that didn’t cut their ads had, in the recovery, captured the most market share. So we didn’t cut our ad budget. In fact, we raised it modestly to gain brand recognition, which continued advertising sustains. As studies show, it’s much easier to sustain momentum than restart it. Third, we eased the workload and reduced costs by simplifying reporting methods. We set up a new system that allowed each hotel to recalculate its forecast, with minimal input, to year’s end, then send it in electronically along with a brief monthly commentary.
Isadore Sharp (Four Seasons: The Story of a Business Philosophy)
Customers or shoppers, they love buying as much as they want without thinking about going out of cash. The thought of scarcity of funds annoys them to the core and often spoils their made to a point where they no longer are interested in making the purchase. Though this doesn’t harm them in anyway because they can buy the needed product/service later but this changed attitude of them costs high to the business that loses a valuable customer and an important sale. Credit Card Processing: Never Lose Upon A Consumer If you are limited to the traditional era of accepting cash, the above explained scenario can become a reality for you if not today then tomorrow. However, to stay away from this disappointment, credit card processing can be used to the fullest extent. As shoppers are interested in paying via credit card, a business can entice them by accepting card payment. Talking exclusively about the small businesses that are particular about everything, pulling impressive customers through credit card processing for small business totally makes sense. Not only it appeals to the needs of the customers but also lets the business stay active 24/7. In other words, sales remain on without any break and revenue can be generated even when official business hours are closed. Benefits To Catch Up With • Boost in sales • Encouraging customers for impulse buying • Legitimizing the business • Improvement in cash flow • No risk of dealing with bad checks • Inexpensive business expense • Getting started is quick & easy • Multiple currencies can be accepted • Needs of customers can be catered no matter where they are located These advantages are seriously wonderful to take a small business forward and give it the needed recognition on global level. Accepting cash payment is soon going to become thing of the past as credit card processing and mobile payment processing are the new mates businesses are interested in joining hands with. Hence, start with these services before your customers find comfort in arms of your competitor’s business.
Emma Megan
Now, if you have a very good [brand] recognition and revenues that do not match the size of this recognition, that means that you have a great opportunity...
Cristiane Correa (DREAM BIG: How the Brazilian Trio behind 3G Capital - Jorge Paulo Lemann, Marcel Telles and Beto Sicupira - acquired Anheuser-Busch, Burger King and Heinz)
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​​​​​​​Introduction Online recognition can make or smash a business in brand new virtual age. When it involves organizing accept as true with and credibility, Google opinions play a pivotal position. In this newsletter, we delve into the arena of on line critiques and explore the benefits of purchasing Google critiques to bolster your enterprise. Discover how strategically leveraging Google opinions can decorate your emblem's reputation, attract greater clients, and in the end drive revenue increase. Stay tuned as we get to the bottom of the secrets of harnessing the energy of on-line feedback to elevate your commercial enterprise to new heights of achievement If you want to more information just contact now. 24 Hours Reply/Contact ✅Telegram: @usbestsoft ✅E-mail: usbestsoft24h@gmail.com Importance of Online Reviews for Businesses Online evaluations play a pivotal role in ultra-modern digital panorama, serving as virtual word-of-mouth pointers that may make or ruin a commercial enterprise. The energy of online opinions lies in their ability to build believe and credibility among potential customers. Positive reviews now not simplest appeal to new customers however also set up an picture of reliability and high-quality for the commercial enterprise. In a global inundated with data, consumers depend heavily on on-line evaluations to manual their purchasing selections. Research indicates that a great majority of consumers study on-line opinions earlier than making a purchase, emphasizing the giant impact these testimonials maintain over customer behavior. Businesses that actively inspire and manipulate on line reviews are more likely to thrive in the aggressive market by cultivating a nice popularity and enhancing purchaser consider. Furthermore, on line critiques have developed into a form of social evidence that reassures clients approximately the legitimacy and popularity of a business. By showcasing positive reviews shared by happy clients, corporations can leverage the persuasive influence of on line reviews to draw new customers efficaciously. Embracing the significance of on-line opinions is not pretty much boosting sales; it is about fostering true connections with clients and building lasting relationships based on trust and transparency Impact of Google Reviews on Business Credibility Google critiques keep monstrous energy in shaping a business's credibility in the virtual age. When potential clients search for a products or services, nice Google opinions can set up consider and credibility, leading to extended conversions and revenue. Conversely, poor evaluations can severely harm a corporation's recognition, turning away prospective clients. The effect of Google reviews on business credibility is undeniable. Positive reviews not most effective attract new clients but also make contributions to building a strong brand picture and reputation in the fairly competitive market. Businesses with a excessive range of high quality Google reviews are perceived as trustworthy and reliable, giving them a competitive facet over their opposite numbers. In today's digital landscape, in which on line presence is paramount, leveraging the strength of Google opinions can honestly elevate a commercial enterprise's credibility to new heights. In end, agencies that prioritize cultivating superb Google reviews are much more likely to reach establishing a reputable and reputable logo presence on-line. Embracing feedback from clients and actively attractive with critiques demonstrates transparency and determination to customer satisfaction. By spotting the importance of Google reviews in shaping enterprise credibility, agencies can harness this powerful tool to beautify their reputation and pressure sustainable boom. Benefits of Buying Google Reviews Leveraging the benefits of buying Google critiques can substantially increase your business's on-line presence and credibi
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The future of mobile is already here. The immediate future is about much better, less intrusive, more intelligent, better-integrated ‘interfaces’. The last few decades have laid a robust foundation: smartphones – massively powerful, affordable computers that fit into a pocket – are close to ubiquitous; unimaginably powerful services – from global positioning, to voice recognition, to instant knowledge search – are available for free; and people have invited this technology into the most intimate part of their lives – relationships and financial transactions. We are finally at a point in history where technology is adapting to the way we live our lives. No longer is a computer a desk-centric destination: it is a mobile companion. With services like the personal-assistant app Google Now, technology is starting to anticipate what we need and want, rather than merely reacting to a request. As the miniaturisation of technology steadily advances, the age of powerful, helpful, life-changing, wearable computers is upon us. Samsung launched its Galaxy Gear smartwatch in September 2013. Despite dismal reviews – and low sales projections – the company announced it had sold 800,000 devices in the first two months.28 This is not so much a testament to Samsung’s great product design (the reviews are unanimously poor) but it does suggest that consumers have a huge latent desire for a device of this sort. While the media and blogosphere speculate about a vastly superior ‘iWatch’ in the offing from Apple – one that will incorporate all kinds of clever non-invasive sensors that may measure all kinds of things, including heart rate, oxygen saturation, perspiration and blood sugar levels in addition to the already commonplace step- and calorie-measuring sensors – other companies are already profiting from wearable technology. The fitness-tracker market – where devices like Fitbit, Nike’s Fuelband and the Jawbone Up lead the market – delivered $2 billion in revenue in 2013. And that number more than quadrupled to $9 billion in 2015, and will hit $25 billion in 2019.29
George Berkowski (How to Build a Billion Dollar App)
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