Comments on: Oh no! We're selling too many magazines! http://dansdata.blogsome.com/2006/10/22/oh-no-were-selling-too-many-magazines/ the blog that is not dansdata.com Fri, 10 Feb 2012 16:56:54 +0000 http://wordpress.org/?v=1.5.1-alpha by: steveg http://dansdata.blogsome.com/2006/10/22/oh-no-were-selling-too-many-magazines/#comment-175 Mon, 23 Oct 2006 17:40:52 +0100 http://dansdata.blogsome.com/2006/10/22/oh-no-were-selling-too-many-magazines/#comment-175 I'm no accountant (thank gawd) but Australian accounting standards have changed in the last few years (nope, no idea which one, it does have a name but I don't care enough to try find it) so companies are now forced to recognise income on a per-month basis, which means each month 1/12 of each subscription topples into the Income bucket, from the whereever the heck it was before bucket. Doesn't stop the take the money and run trick, but it does shore up the books until that moment. I'm no accountant (thank gawd) but Australian accounting standards have changed in the last few years (nope, no idea which one, it does have a name but I don't care enough to try find it) so companies are now forced to recognise income on a per-month basis, which means each month 1/12 of each subscription topples into the Income bucket, from the whereever the heck it was before bucket.

Doesn't stop the take the money and run trick, but it does shore up the books until that moment.

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