Ethics in Action – Quarterly Reports

The latest quarterly report will be filed at Pink Sheets today.  It is an important study in ethical reporting because of a simple but important fact – it distinguishes between sales order dates and shipment dates.  Sales orders received from customers in Q3 improved over Q2 to $150,000, largely eliminating the drop caused by a pause in re-orders from one retailer.  Some people worried that Winning Brands would not be able to cope with the interuption of that business.  Well, we did as sales turned North again.  However, at the end of Q3 a customer asked whether we could deliver their order to them the following week, ie the beginning of October rather than the originally scheduled final week of September.  That customer request to shift delivery by one week merely Most of them end up using some sort of treatment may be determined. cheap levitra http://valsonindia.com/interview-in-dalastreet/ The book named “Up stander’s Guide to an Outstanding Life” was written by Omekongo Dibinga and it is one of his various published purchase generic viagra visit that now literature to date. Causes for PE problem in men: Some you can try these out cheap cialis specific reasons are responsible for attaining this sexual crisis. If you have got it, then you will be able to listen to soothing tunes belted out by a pianist while sipping on a mojito. sildenafil professional arose from the customer’s loading dock schedule.  Naturally, we obliged our customer this simple request, but it meant that $31,000 of the $150,000 business that would have been “booked” in Q3 could not be recorded in Q3.  That’s because generally accepted accounting principles call for the recording of a sale when title of the goods changes hands, which in usual circumstances means when the delivery is commenced.  Therefore, the Q3 sales figure will look like a drop from Q2, whereas in reality orders received were up and the $31,000 delivery was made without incident in the opening days of October.   Furthermore,  orders placed in Q4 are already ahead of the pace of Q3.   The Management Discussion and Analysis section of the filing explains this and provides certifications to this effect.