Module 13: Discussion Forum – ACT 500
February 24, 2021
topic 5 dq 1 2 2
February 24, 2021

auditing, 100 words

Find the Best Buy 10k for the fiscal year ended January 30th, 2017.

Explain the company’s revenue recognition policies.
The company explains that there are several uncertainties surrounding revenue recognition, one of which concerns gift cards. How does the company recognize revenue from gift cards?
Briefly, what will the auditor need to test or investigate about Best Buy’s revenue recognition determination concerning gift cards?

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