@OnlyCFO Is there any historical stats on RPO conversion to revenue? How do recognition stats hold based on length of time to recognition (current vs non- current)
@rledbetterCPA “Client was anticipating adjustment”Sounds like they read doc and didn’t book entry to avoid covenant bust. Sounds like outright fraud. Tough audit committee meeting I would imagine.
@cjgustafson I didn’t believe you. But per review of https://t.co/PRyczd4fYU your math and facts check out. Blown away by this stat. Also they still lose money from operations.