Siebel Systems (SEBL) - strong buy? Message Board

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Technology Stocks : Siebel Systems (SEBL) - strong buy?

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To: Melissa McAuliffe who wrote (2013)	8/4/1998 7:11:00 PM
From: Kitty Cat	Read Replies (1) of 6974

F.Y.I. FASB did change. The last S.O.P. was 91-01. There is a new one that replaces 91-01, all 100 pages. The latest change affects the old presumption that as long as it is within 12 months collectible that it is valid revenue. Not true anymore under the rules. Basically the reg's state that the only part of the sale that can be collected on a receivable more than 30 days is that which is due and collectible within the current quarter. The req's pointed to the fact that history has indicated that as a rule receivables that are past normal terms remain in jeopardy... Hence recognize what they will pay for.. Regards, Kitty Cat

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