Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Oh golly gosh, some folks should not be allowed near shares so great is their misunderstanding of basic accounting. I am not only talking about Laurence Moorse the FD of Quinnovation Group but also the Bulletin Board Morons as well. So – is it okay to accrue? Yes indeed it is sensible to do so. Is all accrual accounting prudent? No.
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