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To: OZ who wrote (9685)4/22/1999 8:50:00 PM
From: Ian@SI  Respond to of 13565
 
There is no such thing as a "STANDARD" accounting practice.

Rather a set of Generally Acceptable Accounting Practices.

Different companies adopt different policies. These are explicitly stated in 10Ks and 10Qs.

Different Accounting Firms might apply different practices given identical circumstances within a company.

Different Accountants within a firm will interpret their firms guidelines and principles differently.

IMO, the key is to know what the company does and to be satisfied with it. If you are and like the company's prospects, own it. Otherwise, sell or short if you feel that's warranted; and eventually move on.

It's no big deal one way or the other.

Nothing in life is absolute and especially not accounting practices.

Ian.



To: OZ who wrote (9685)4/22/1999 9:14:00 PM
From: stockbug  Read Replies (1) | Respond to of 13565
 
If you are going to quote me then don't leave off the last sentence, but then it shots holes in your volley.

It is one thing to provoke thought but it is another to shout fire in a crowded building when there isn't one.