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Re: Hey NSA...edt Q2?Q3?Q4? edt again

By: Cactus Flower in ALEA | Recommend this post (0)
Thu, 12 Apr 12 1:43 AM | 131 view(s)
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Msg. 07294 of 54959
(This msg. is a reply to 07293 by tkc)

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"That to will end when they have enough history to satisfy auditors."

I did not know this. Thought it was probably an accounting standards requirement relating to material software sales. Thanks.


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The above is a reply to the following message:
Re: Hey NSA...edt Q2?Q3?Q4? edt again
By: tkc
in ALEA
Thu, 12 Apr 12 1:32 AM
Msg. 07293 of 54959

Just to refresh. Most of Wave's D.R. is from the sale of software combined w/ an annual maintenance lic. The maintenance is the insurance policy which lasts a full year and thus is consumed ratibly over the year. The software portion is actually consumed at delivery. Wave no longer has to defer such sales w/ small purchasers (those not PR'ed). They still are required to defer such Very Large contracts which must be PR'ed/8K'ed. That to will end when they have enough history to satisfy auditors.


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