Read the below article, then reply to the Discussion.Rodríguez, F. (2010). Impact of revenue recognition methods in project cost control through earned value. PMI Virtual Library. http://pmqlinkedin.files.wordpress.com/2010/07/imp...One of the inputs earned value management (EVM) uses to obtain an indicator about the cost performance of projects is the cost incurred by the project until a certain date. Typically, such information is provided by finance departments. The assignment for this unit reflects this methodology. This paper reviews the different methods used by finance departments to calculate and measure the incurred costs in projects, and how these methods may impact the way the project manager applies the EVM to measure, control, and track the status of his or her project. Do you agree or disagree that the implementation of a qualified EVM process addresses the U.S. Generally Accepted Accounting Principles (U.S. GAAP)? (You will need to research the U.S. GAAP to logically present your argument.)You will need to:State your position as your premise.Show your understanding of the points of the paper.Analyze how EVM addresses each of the four U.S. GAAP criteria.Synthesize the results of your analysis into a conclusion addressing your premise.Evaluate or test your conclusion with a source reference (maybe your text) not used in your analysis to avoid circular logic.

Assignment ContentCompetencyDevise risk mitigation strategies in financial management. Student Success CriteriaView the grading rubric for this deliverable by selecting the “This item is graded with a rubric” link, which is located in the Details & Information pane. ScenarioYou are the manager of the procurement department in a large manufacturing firm. Part of the work your department does involves processing purchase orders, material receipts, and other documentation related to the purchasing activities for eventual payment by the accounts payable department.Your team members, in addition to processing and reviewing the various documents (hard copies and/or electronic versions), track metrics around purchasing. These metrics include items such as the number of orders by vendor, spending by expense category and functional department, inventory levels, etc. Your team can also report and track information by person such as who requested purchases, who received materials, and who approved invoices to go to accounts payable for payment.Because of the nature of work in your department and the metrics that are tracked, your team members can play a role in preventing and detecting fraud, helping to reduce financial risk for the company. However, none of the team have been trained on internal control concepts. You currently have no funds available in your budget to pay for training and must create your own materials for the team to learn from and use for reference. InstructionsCreate an infographic that contains information about internal control concepts. The infographic will have three sections – one each for preventative, detective, and corrective controls. In each section, include information on two specific internal control tactics or methods that fall under the category type and that are applicable to the work performed in the department.The infographic should also include a title and introductory summary statement. Cite all sources of information using APA style at the bottom of the infographic in smaller font.Live Class for more info: https://rasmussen.webex.com/recordingservice/sites...