tag:blogger.com,1999:blog-4765136501328523372.post675227948661980829..comments2023-11-03T02:45:14.110-05:00Comments on I Have Touched the Sky: Station Cash Makes the World Go 'Roundrowanblazehttp://www.blogger.com/profile/06820814610269599162noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-4765136501328523372.post-53313276708065814332014-01-07T20:54:06.756-06:002014-01-07T20:54:06.756-06:00Yes, the money paid would show as an asset, while ...Yes, the money paid would show as an asset, while the service not yet rendered shows as a liability. The revenue/expense equation occurs at the time of service. But, as I brought up in the post, what if the SC is the service or good, not the redeemable items?rowanblazehttps://www.blogger.com/profile/06820814610269599162noreply@blogger.comtag:blogger.com,1999:blog-4765136501328523372.post-71556494190644579892014-01-07T20:44:53.207-06:002014-01-07T20:44:53.207-06:00I know the company my wife works for does their ac...I know the company my wife works for does their accounting in such a way that until services are completed, the money does not count as profit on the books. In other words, some customer pays them for service X and gives them a check for $50,000. Even though they deposit the check, and the company has the funds in the bank, they do not show it as a profit until service X is completed. If the customer delays a year in implementation - profits are delayed a year. I am told this is at least in part because they are a publicly traded company and it helps with transparency or some such. This could be the problem with Sony - all that SC is showing up on the wrong side of the books and thus acts negatively on their stock prices to the casual observer.Anonymousnoreply@blogger.com