Pirate Wireless: Revenue Recognition in the Telecommunications Industry

Pirate Wireless is a telecommunications company with stores and offices all over the globe. Jim Bayley is an extremely busy professional who enters into a contract with Pirate Wireless for the ultimate purchase of a smartphone with one‐year warranty, voice and data services, Cryptonite encryption software, and an extended warranty. The case requires students to act as Assistant Controller of Pirate Wireless Corporate and determine the appropriate revenue recognition for Pirate Wireless's contract with Jim Bayley. This mandates a thorough review of the five steps of revenue recognition set forth in Revenue from Contracts with Customers, the jointly converged standard issued by the Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB) in May 2014. The FASB's Accounting Standards Codification 606 is effective for all U.S. public entities for fiscal years ending after December 15, 2017. The IASB's International Financial Reporting Standards (IFRS) 15 applies to an entity's first annual IFRS financial statements for a period beginning on or after January 1, 2018. This case is appropriate for an undergraduate or graduate level Intermediate Accounting course.     

Retailer internationalization: overcoming barriers to expansion

This paper develops an understanding of the barriers to retailer foreign market expansion focusing on SME retail firms. A qualitative methodology was adopted to obtain a holistic understanding of the key barriers to international expansion experienced by retailers from both the firm and industry-level perspectives. In light of the findings from the case companies and industry organizations in this study, the paper concludes that the main barriers to foreign market expansion experienced by SME UK retailers, both at the entry and growth stages, comprise internal and external factors. This paper not only provides an understanding of the barriers encountered by SME retailers but also considers how such problems may be overcome.     

The Community Context of Evolving Industry Architecture

The transformation of industries and industry architectures is approached through a community evolution analysis of two closely related value chains. A longitudinal multilevel data set on the consumer food value chains in Britain and Ireland is analyzed. The analysis highlights the central role of coevolution between members of the value-chain communities, including the related institutional context. Commensalism is explored through its constituent processes of competition and cooperation. Both are seen to act powerfully in shaping change and transformation. The divergence between the two value chains studied bears out the basic evolutionary premise that evolution is constructed, not determined by generic processes.     

Macmillan's children? Young workers and trade unions in the early 1960s

The challenge facing unions in recruiting younger workers is a comparatively recent concern, prompted by years of decline. As such, there is very little comparable discussion prior to the 1980s. This article takes a longer view. Using previously unpublished survey data from the early 1960s, we show that patterns of membership and attitudes to unions were more complex than headline figures might suggest. Specifically, we highlight areas of weakness associated with organising strategy at the time, and suggest some implications with subsequent trends. More generally, the data presents a unique insight into the lives of young workers in the early 1960s and their relationship with their trade unions.     

Mechanization and the spatial distribution of industries in the German Empire, 1875 to 1907

The adoption of water, steam, and electric power transformed manufacturing in the nineteenth century. This article studies the relationship between this technological change and the spatial distribution of manufacturing industries in the German Empire during the late nineteenth and early twentieth century. The adoption of steam powered machinery created incentives for manufacturers to form industry clusters near coal mining regions. Specifically, this article shows that a one standard deviation increase in the average size of steam power operations was associated with a rise in geographic concentration of one‐quarter of a standard deviation. In contrast, a one standard deviation increase in the size of water power operations was associated with a drop in geographic concentration of one‐sixth of a standard deviation. This is consistent with the constraint that water powered plants had to be located on a stream with a sufficient gradient and away from other water powered plants to avoid disruption from neighbouring gates and dams. Together the findings indicate that the transition from water to steam powered machinery contributed to the geographic concentration of manufacturing in the nineteenth century.     

Values-Based and Global Systemically Important Banks: Their Stability and the Impact of Regulatory Changes After the Financial Crisis on it

Asia-Pacific Financial Markets - We study the financial stability of Values-Based Banks (VBBs) and Global Systemically Important Banks (GSIBs), and how regulatory changes in the aftermath of the...     

Governance of the Regulatory Decision Making Process

The author looks at how regulatory decisions are taken, and implemented, at national as well as international level and discusses issues such as independence of regulatory and supervisory authorities, regulatory capture and the rivalry in decision taking between Basel, Brussels and Washington.     

Meetings with Costly Participation: An Empirical Analysis

Using data from the Mid-Atlantic surf clam and ocean quahog fishery, we find that firms with a preference for extreme, rather than moderate, policies are much more likely to participate in public meetings where regulation is determined. We also find that participation rates are higher for larger, closer, and more influential firms. These results: (1) improve our understanding of a very common institution for resource allocation, "meetings with costly participation", (2) they refine our intuition about regulatory capture, (3) they provide broad confirmation of the recent theoretical literature predicting that polarization and bipartisanship should emerge under a variety of democratic institutions, and finally, (4) they may help to explain management problems in U.S. fisheries.