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Microsofts CFO, Greg Maffei, describes Microsoft as a company known for being conservative. In one...

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Accounting

Microsofts CFO, Greg Maffei, describes Microsoft as a company known for being conservative. In one or two brief sentences, describe what you think it means for a company to be conservative in its financial accounting and reporting. (2 point) 2. List three distinct aspects of Microsofts overall financial reporting strategy consistent with a conservative approach. Provide a one or two sentence explanation for each aspect you identify. (3 points) Assignment 3 Revenue Recognition ACC 564 - Gallo Assignment 3 Questions Page 2 of 2 3. Why do you think Microsoft decided to adopt a new revenue recognition policy and defer a portion of its revenues? Do you think that Microsoft adopted its new revenue recognition

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