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TampaTradr

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TampaTradr

Re: peregr post# 325545

Monday, 03/12/2018 5:16:55 PM

Monday, March 12, 2018 5:16:55 PM

Post# of 345827
Sorry to chime in, but from what I heard we will realize income quicker without reducing projections.

If I understood correctly, the old method recognized income when the product was shipped, while the new method realizes it incrementally through production and shipment.

A one time adjustment will be made 5/1 to shift the portions not yet recognized to recognized earnings, to be recorded as “Prior Year Earnings”. After that they will record revenue throughout the manufacturing process instead of just at the end.
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