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Technology Stocks : Information Architects (IARC): E-Commerce & EIP

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To: Pancho Villa who wrote (5614)	4/10/1998 8:42:00 PM
From: SE	Read Replies (2) of 10786

Actually the percentage of completion method is fairly standard method of financial accounting for contractors. In fact, in many cases, it is not only standard, but required for Generally Accepted Accounting Principals. I do not know off the top if it is required here, but this change does not bother me and seems consistent with accurate accounting. The receivables, on the other hand, don't make perfect sense to me yet, but I just read your post and have not had time to read the 10-K in its entirety myself yet, so I will not comment further on that at this time. -Scott

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