InvestorsHub Logo
Followers 275
Posts 32167
Boards Moderated 0
Alias Born 02/14/2014

Re: EHRjunkie post# 57164

Wednesday, 08/03/2022 7:43:05 AM

Wednesday, August 03, 2022 7:43:05 AM

Post# of 67679
And orders being converted means using revenue recognition per US GAAP and then entering them into the new ERP system for MVNT. It has nothing to do with customers having a system or not, it is using the original contracts and purchase orders and figuring out how the revenue needs to be recognized per accounting rules. Revenue recognition is one of the most difficult areas of financial reporting and needs to be done on an order by order basis