Accounting Changes for Internet Companies?
from the uh-oh dept
This could potentially be a big deal. A task force is starting to look at how internet companies recognize revenues. And, as someone who's seen it happen, I can tell you the answer is "any way they possibly can". A huge amount of "recognized revenue" is a complete farce as the money never actually touches the company, but it's such standard practice in the valley that companies do it just to keep up. However, if the rules change, it could cause some problems for many companies.
Thank you for reading this Techdirt post. With so many things competing for everyone’s attention these days, we really appreciate you giving us your time. We work hard every day to put quality content out there for our community.
Techdirt is one of the few remaining truly independent media outlets. We do not have a giant corporation behind us, and we rely heavily on our community to support us, in an age when advertisers are increasingly uninterested in sponsoring small, independent sites — especially a site like ours that is unwilling to pull punches in its reporting and analysis.
While other websites have resorted to paywalls, registration requirements, and increasingly annoying/intrusive advertising, we have always kept Techdirt open and available to anyone. But in order to continue doing so, we need your support. We offer a variety of ways for our readers to support us, from direct donations to special subscriptions and cool merchandise — and every little bit helps. Thank you.
–The Techdirt Team
