RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:My take on the ResultscabbieJBJ wrote: Thanks Astutein. My degree is in Honors Accounting, altho I spent my career in marketing and management. I didn't understand the accounting, but your explanation helps - maybe even, hopefully, makes sense. In your scenario, entry 1 happened in Q3 and entries 3/4 happens in Q4. Right?
Since the unbilled revenue is already on the balance sheet, entry 2 needs to have happened already. Entry 1 and entry 3 would happen in Q4.