ACC 614 ACC614 WEEK 2 DQ 2 - SOCIAL MEDIA’S PHONY ACCOUNTING IN FORBES - ASHFORD

ACC 614 ACC614 WEEK 2 DQ 2 - SOCIAL MEDIA’S PHONY ACCOUNTING IN FORBES - ASHFORD

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ACC 614 Week 2 Discussion 2 Social Media’s Phony Accounting in Forbes 

Social Media’s Phony Accounting in Forbes [CLOs: 1, 4, 5]. 1st Post Due by Day 3. Read the article by

McKenna (2012), Social Media’s Phony Accounting, and answer the following questions:

• The author believes there are independence issues with the auditors in this case with Ernst and Young and various social media companies. Do you agree or disagree? Please provide facts from the article to support your position.

• What revenue recognition options are available to Zynga?

• Has technology changed the way revenue should be recognized?

• As an auditor, would you agree with E&Y’s position on revenue recognition or should it be changed?

Support your position with facts. Respond to at least two of your classmates’ posts.