(Reuters) - Diebold said it is looking for guidance from regulators
about whether it properly booked revenue for "bill and hold"
transactions, in which a company records a sale and gives
ownership of the product to the customer, but actual delivery
takes place in a later period.
Questions about the company's use of "bill and hold" arose
during a U.S. Securities and Exchange Commission investigation
into the company's revenue recognition policies, Diebold said.
That probe was first announced last year.
Read more at Reuters.com Market News
about whether it properly booked revenue for "bill and hold"
transactions, in which a company records a sale and gives
ownership of the product to the customer, but actual delivery
takes place in a later period.
Questions about the company's use of "bill and hold" arose
during a U.S. Securities and Exchange Commission investigation
into the company's revenue recognition policies, Diebold said.
That probe was first announced last year.
Read more at Reuters.com Market News
No comments:
Post a Comment