Piffer OT - And Other Assorted Nuts Message Board

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Strategies & Market Trends : Piffer OT - And Other Assorted Nuts

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To: Jorj X Mckie who wrote (16578)	1/28/2000 2:45:00 PM
From: long-gone	Read Replies (1) of 63513

<<Many think that the internet mania is topping....>> I think it is related to this & a coming reduction of "funny revenue": Wednesday January 26, 5:26 am Eastern Time FASB tightens rules on Internet ad revenues-WSJ NEW YORK, Jan 26 (Reuters) - A U.S. accounting governing board has tightened up a rule on how Internet companies book bartered advertising, the Wall Street Journal said. The ruling by the Financial Accounting Standard Board (FASB) says companies can only include revenues received from bartered advertising if they have a history of receiving cash for similar advertising transactions, the newspaper said. In addition, those deals cannot take place more than six months prior to the actual barter, the Journal reported. The ruling was prompted by a request in November from the U.S. Securities and Exchange Commission for a review of the practice by some new Internet companies.(cont) biz.yahoo.com

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