| rmah | he pays up front |
| bynari | ok.. |
| rmah | you have a 1 year implementation phase at the start before he receives service the contract specifies that this phase is "free" |
| semaphore` | yeah and that would be capitalized |
| rmah | how and when do you recognize the revenue? |
| action | dkr flees from accounting talk. |
| dkr | flees from accounting talk. |
| rmah | side question: can you offset the revenue by the "cost" of the implementation? |
| bynari | In year 1 after its implementation? Wait no Part of it would be included in the implementation costs |
| action | bynari awaits rmah's response |
| bynari | awaits rmah's response |
| fialar | hey all I have a bit of a problem. Got a Perl LWP script. It runs on one machine but not another. Both have the right modules installed. |
| rmah | bynari: the key is to understand that cash flow receipts are not revenue |
| fialar | plus I get spurious "Day too big - 38440 > 24855" and "Sec too small" errors when I run the script (but it runs anyway) |
| rmah | revenue in this case would be recognized over 4 years (years 2, 3, 4 and 5) |
| bynari | Oh I see what you were asking |
| rmah | now, the implementation costs *could* be incurred in year 1 or amortized over the revenue period if your accountants and lawyers are tricky enough but then AOL tried that trick with marketing expenses and got busted so YMMV |
| bynari | I see.. |
| rmah | point being, accounting has nothing to do with mathematics :-) |
| dkr | fialar: might be more useful if you better define what you meant by not running. errors messages, etc. |
| bynari | I'm interested in all aspects of finance but my main areas of interest are related to the stockmarket and derivatives |
| fialar | dkr: the script tries to log into a website, and submit something on a form.. then parse the result. On my laptop it runs fine, I tried xferring the script to a server to run it on.. and it won't login. I've been trying to debug, but it makes no sense why it would run on one machine and not another. |
| rmah | bynari: the action is in the fixed income derivatives markets, not equities |
| bynari | I see.. |
| fialar | on my laptop, when it runs properly, I get these odd msgs like "Day too big - ##### > #####" on the machine that doesn't run it properly I don't see those messages |
| dkr | fialar: try LWP::Debug e.g. trace option |
| rmah | learn about bonds, and asset-backed securities (like mortgage backed securities) |
| dkr | fialar: maybe that will show you a step where it behaves differently |
| fialar | ok thanks I'll give that a try |
| action | bynari nods |
| bynari | nods |
| rmah | another interesting area is exotics like "disaster bonds" |
| bynari | Disaster bonds! Hm |
| rmah | not really sure how "hot" that shit is right now, but it's quite curious nonetheless bynari: basically making bets on weather and natural disasters |
| SirFunk | hey, if i pipe dada to a script: echo "blahalalaahlaa" | perl myscript.pl ... how could i dump that info to a file from inside the perl script? |