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.
Technology Stocks : Information Architects (IARC): E-Commerce & EIP
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Jeffrey S. Mitchell who wrote (6156)5/10/1998 9:17:00 AM
From: JDN  Read Replies (1) of 10786
 
Dear Jeff: Since you mentioned my name I feel I must say something. First off, there is NO revenue recognition method allowable for public companies that allows recognition of any upfront deposits as revenue. That would be the cash receipts method only acceptable for private NON CORPORATE taxpayers not any corporations or certainly PUBLIC corporations. The must use the ACCRUAL method which is broken down further to COMPLETED CONTRACT and PERCENTAGE OF COMPLETION methods. I did not go back and check footnote number 1 which would explain the method use but I am very sure it would be the Percentage of Completion method. Which works pretty much as its name indicates, revenue is recognized as work is completed. HAS NOTHING TO DO WITH CASH RECEIPTS OR BILLINGS. JDN
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News