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Re: jerseyboy post# 60560

Thursday, 08/16/2007 10:13:45 AM

Thursday, August 16, 2007 10:13:45 AM

Post# of 143047
No need to get nasty here. Accrual vs Cash accounting here. I'M SURE EFGO USES ACCRUAL ACCOUNTING, which I would expect they do, then they would be required to report revenue when it's earned in the quarter and cannot wait until it is "received", but the end of the year is NEVER an option. Cash accounting you can wait until it's physically taken hold of, as opposed to earned. I don't know?? maybe we do use cash accounting - our market cap is ridiculously low, I doubt we're big enough to be required to use Accrual accounting? incidentally, proper accounting has always been a big deal, but more so since Sarbanes-Oxley act of 2002. No accounting games please, that's only going to make us drop to a flat-line instead of .0002...

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