Accounting Practices

Thanks for a very informative discussion board.

Just wanted to reiterate something said earlier in relation to moving either income &/or liabilities in or out of accounting periods. There is a lot of discretion to do this and often when there's a change of management all the losses for example are brought forward in the 1st year to clear the decks. Revenue can be moved forward too I understand which may have happened here.

AGM is probably a good time to get an update on production and sales. Next quarterly should tell a bit also. New Chief Salesman looks the goods.