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.
Microcap & Penny Stocks : Financial Shenanigans: Stocks Looking for a Fall -- Ignore unavailable to you. Want to Upgrade?


To: Pam Wooten who wrote (44)5/18/1998 12:55:00 AM
From: BelowTheCrowd  Respond to of 108
 
Pam,

I'm not an accountant, so not an expert on when the new rules will become mandatory, though usually such changed need to take effect by the next fiscal year.

The bottom line of the changes though, is to tighten up the rules on when revenue can be "earned" in multi-year contracts. This is a loophole that lots of software companies have exploited over the years.

mg