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To: DownSouth who wrote (30515)8/25/2000 10:06:36 PM
From: sditto  Read Replies (2) | Respond to of 54805
 
<<I bow to your experience in accounting, which is significantly more in-depth than mine.>>

My familiarity with cash conversion cycles comes more from having bonuses tied to cash generation than anything I learned from my accounting friends in the Big Six. I'm sure if we were talking about the intricacies of calculating sales commissions you could take me to school any day. <vbg>



To: DownSouth who wrote (30515)8/25/2000 11:44:44 PM
From: Thomas Mercer-Hursh  Respond to of 54805
 
My original point was the WIP is not A/R until the customer is invoiced

In a detailed internal statement, no. But in the highly summarized statements used for public reporting?