October 22, 2017

When is revenue not revenue?

  One of the accounting challenges that face businesses is the timing of the recognition of revenue – exactly when can revenue be recognised in the income statement. The answer to that question is crucial as it has a huge impact on when profits are earned and reported to shareholders. For some sectors – like […]

How did they do that?

The UK 2012 Christmas grocery retail sales results are in! And they don’t make happy reading for Morrisons, one of the so called retailing ‘Big Four’. Whilst Tesco, Asda and Sainsburys have some reasons to be cheerful, Morrisons are looking at a gloomy 2.5% downturn in like-for-like sales. How come? They cut prices and offer […]