SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : The Residential Real Estate Crash Index
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Elroy Jetson who wrote (91062)10/2/2007 7:54:02 AM
From: Lizzie TudorRead Replies (1) of 306849
 
OK, thanks. As long as there was real fraud meaning revenue booked on the income statement that was not real, then thats a criminal case in my mind.

The problem I am having is when companies like Cisco booked say 1 billion in revenue, but they put 800mm in RESERVES, for whatever reason and chose to recognize that revenue later to smooth revrec over time. This is something that analysts encouraged and for some industries like software it is pretty much a necessity. Like stock option backdating, cookie jar accounting is something that today, feds are delving into which is fine, but they are claiming this was a criminal act in some cases which is way overreaching.

There were always people in 1999 even here on SI that said "ebay is cooking the books" because they were not expensing options then, even though nobody was doing it and there was no call to do it. The term "cooking the books" is being thrown out willy nilly these days.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News