Dell

dingle Computer Company Founded in 1984 by Michael Dell, Dell offers standards-based reckoning products and dish outs. The company prides itself in offering top-of-the ?line client utility and technical support. Dell offers both consumers and businesses the opportunity to customize a computing system in order to fit their needs. In fact, Dell was the leading seller in all customer segments in 2003. In addition to offering various workstations, desktops, and laptops, a portion of Dells revenues comes from Dell Financial Services L.P. that offers pecuniary alternatives to Dells customers. Dells products and services are sold both separately or as part of a clump package. Dell allocates fees from these bundle packages to the elements based on the congress middling value of each element, which is generally based on the relative list price of each element in the package. When Dell sells extended warranties to its customers, the revenue is deferred equal to the stated price. Revenue is acknowledge when the products are delivered, not when the sale is made. Revenue from the extended warranties and service contracts are deferred until the service is complete or is recognized all over the term of the contract.

Dell does not meet the two criteria for revenue recognition until after the sale and with products, not until after the delivery. In their 10-K filings, Dell introduces its income statement using profit revenue, gross margin, net operating income, and net income. Dell does not display join sales or total expenses. Also, on their financial statements, they present the line item income before cumulative effect of shift in explanation principle, which refers to Dell changing an accounting principle in January 2000, to conform to FASB standards. In the 10-K form, they categorize their expenses as selling, general, and administrative, research, development, and engineering, and special charges. These special charges refer to waiver of employees and... If you want to get a full essay, order it on our website: Orderessay

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