Case Questions
Spring 2021
Wareham SC Systems, Inc.
1. What is (are) Wareham’s current revenue recognition policy (ies)?
2. Using the limited information in the case, do the industry characteristics or the current revenue
recognition policies encourage manipulation of revenues? If so, how could Wareham
manipulate its earnings?
3. For each of the specific contracts described in the case, please determine when Wareham
should recognize the revenue using the criteria in ASC 606. (Onsetcom, Cataumet, Sandham,
XLSemi, Technical Devices, and Ashaban)
Crème Couture Bridal, Inc. Revenue Segmentation
1. Analyze the wedding services and bridal wear industry overall and the competitive forces in the
industry.
2. Perform a SWOT analysis for Crème Couture
3. Qualitatively assess the various segments of Crème Couture’s business
4. Prepare a spreadsheet showing the income and profitability of each of the segments of Ceme
Couture’s business.
5. Using the above analysis, how should Sandra manage the different revenue segments going
