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Re: berdboy post# 114762

Thursday, 09/27/2012 12:41:43 PM

Thursday, September 27, 2012 12:41:43 PM

Post# of 232508
There is the rub, it is not so much that the numbers are false on these things, but that liberties are taken with the accounting. I see they have a huge A/R. What exactly is it? What is the aging? What backs it up. An audit will help answer those questions. If that A/R vaporizes for some reason it is an entirely different picture. Revenue recognition is one of the ways a financial can be manipulated.