With all due respect--i dont get why those that hold long term feel the need to play the person ,rather than the ball
Just sayin..
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I think you have misinterpreted completely Skid. I was just prompting the third participant from the PALMY NORTH tag team to step up with the next negative comment, in a lighthearted manner.
And it was NBT whose rifle jammed, not mine
:D:D
If I didn't know any better I could be forgiven for thinking it was Palmy North being a little jealous of Dunedin? :)
I'm with Miner Lawnmowing Co on this one. His timing of accounting entries is absolutely correct.
There is no way in hell they will be accruing potential CMS tests as revenue. Full stop. Period. It is too uncertain and does not meet the accounting test of reasonable certainty.
If you guys want to continue a fruitless debate, please provide some facts.
I think you guys are forgetting your double entry accounting.
If you accrue something in Accounts receivable, what is the other side of the entry?? It has to be revenue - Debit accounts receivable, credit Revenue.
Then when the cash is received, the entry is Debit Bank, Credit accounts receivable.
For them to be accuring, there needs to be virtual certainty for the audit to sign off on it (of the contract and the price).
I've had a quick look and cant find any reference to accruing for CMS sales. If you can point me to the right page, I can take a look.
No need to waste your time HS, there are no accruals for CMS. I've already checked with the company, as I would have hoped others might have done before spouting the rubbish we've had to trawl through for most of the day
Hi Harvey, David Darling had this to say during the HY conference call, they are tests yet to be invoiced rather than tests accrued, kind regards, Mac
Do you feel that you're still on track with the application on that?
“David Darling: Yeah thanks Adrian, good questions. Yes, the CMS - it's not a
- I think it's probably good to point out here that this is not a piece of paper
that you fill out like you might have to do for a Federal supply schedule.”
“You have to interact with these people and walk with them on a path that
they prescribe. That path is additive, so they can change up the path as they
see fit. They require you to put together a dossier and engage with them.
When they are happy that they have all the answers they require then they
will give you a pass on your driver licence and you'll move ahead.
As everybody should know, the approval for CMS, Center for Medicare and
Medicaid Services is the public insurer. The public insurer - we are unable to
provide GSM technology to people who are insured under the CMS, that's all
people in the United States who are over the age of 65 would be eligible for
CMS, not necessarily all take that opportunity up.
However we can provide this technology to those people and we can keep
those invoices and submit them at a later stage when we have attained our
coverage the CMS.
We've engaged with the CMS. We're working with them. We're preparing all
of the bits and pieces for them and we're on track and very happy. They are
happy.