Wednesday, May 16, 2012 11:31:51 AM
Did you answer any of MY questions? Perhaps in a different Post? And you chastised Petal for misspelling Heinous when I believe I was that Culprit! I wouldn't start a Grammar & Spelling Bee here, were I you.
As for my accounting perceptions: GERS counts money OWED them as Deferred Revenue (a minus) and when "earned" as a Plus. Tell me that the net effect of 1M such Dollars in conversion from Deferred to Revenue. That would cause a TWO Million increase in their Bottom line Revenue, using Arithmetic. What do Accountants
USE? Geometry? And I did not mean to imply any explicit time delay; except to note that there IS time delay (Variable) which can easily range to MORE than three months, or if prompt payment is made, much less than that.
"Deposits from customers are not recognized as revenues, but as liabilities, until the following conditions are met: revenues are realized when cash or claims to cash (receivable) are received in exchange for goods or services or when assets received in such exchange are readily convertible to cash or claim to cash or when such goods/services are transferred. When such income item is earned, the related revenue item is recognized, and the deferred revenue is reduced. To the extent revenues are generated from the Company’s licensing support services, the Company recognizes such revenues when services are completed and billed. The Company has received deposits from its various clients that have been recorded as deferred revenue in the amount of $1,065,326 and $1,197,404 as of the periods ended March 31, 2012 and December 31, 2011, respectively."
EDIT: Some of those two amounts could be the "Same" but I would bet against more than about a third being carryover. Certainly more than the sum of the DIFFERENCE.
RE-EDIT: Money IS fungible. Bills and Payments are not.
As for my accounting perceptions: GERS counts money OWED them as Deferred Revenue (a minus) and when "earned" as a Plus. Tell me that the net effect of 1M such Dollars in conversion from Deferred to Revenue. That would cause a TWO Million increase in their Bottom line Revenue, using Arithmetic. What do Accountants
USE? Geometry? And I did not mean to imply any explicit time delay; except to note that there IS time delay (Variable) which can easily range to MORE than three months, or if prompt payment is made, much less than that.
"Deposits from customers are not recognized as revenues, but as liabilities, until the following conditions are met: revenues are realized when cash or claims to cash (receivable) are received in exchange for goods or services or when assets received in such exchange are readily convertible to cash or claim to cash or when such goods/services are transferred. When such income item is earned, the related revenue item is recognized, and the deferred revenue is reduced. To the extent revenues are generated from the Company’s licensing support services, the Company recognizes such revenues when services are completed and billed. The Company has received deposits from its various clients that have been recorded as deferred revenue in the amount of $1,065,326 and $1,197,404 as of the periods ended March 31, 2012 and December 31, 2011, respectively."
EDIT: Some of those two amounts could be the "Same" but I would bet against more than about a third being carryover. Certainly more than the sum of the DIFFERENCE.
RE-EDIT: Money IS fungible. Bills and Payments are not.
