Reply to post: Revenue recognition

SFO: 'Insufficient evidence' for conviction over HP-Autonomy deal

Anonymous Coward
Anonymous Coward

Revenue recognition

having done revenue recognition on large multi year contracts unde SEC rules a few years back I have to say they were much more restrictive and prescriptive at the time. What might pass the not fraud test in UK may not necessarily do so in US. Of course like all rule rather than principle based systems big companies with resources can game the system, though the fact that any speech by an SEC member (even to the local equivalent of WI) counts a policy can trip you up.

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