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Tinfoil hat here, but is it possible that they don't want to realize the revenue right now? I'm not an accountant but I do know that some businesses use lawful
by totalZero 6y ago
Tinfoil hat here, but is it possible that they don't want to realize the revenue right now? I'm not an accountant but I do know that some businesses use lawful tricks to smooth out their profits. Otherwise what you describe seems like atrociously irresponsible business.
- hef19898 6y agoIf they do that, it is really risky. SOX applies to them, and pushing out invoices by not raising them, for goods delivered, kind of violates revenue recognition requirements. Even if it is by mistake.
- deleted 6y ago[deleted]