Not at all. I agree that large corporations use accrual accounting, but earnings can only be recorded when their are earned, but when they are agreed or committed.
Cash accounting means you record the earnings when payment is made. Normally that's after the service is provided but i guess not necessarily.
Accrual is when (or as) the service is provided. So if a client signed a contract today for $10m (Ian wishes), but it's only 5% implemented at the end of the year, you can only book $500k. In reality any project signed today won't even be out of planning by the end of the year, hence my original statement that any deals at the end of this year won't contribute.
It's very misleading to the point of dishonesty IMO.
Ann: Pointerra 2023 AGM Presentation, page-30
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