BUSINESSWEEK ONLINE : APRIL 3, 2000 ISSUE
NEWS: ANALYSIS & COMMENTARY

SEC Clampdown


Regulators are zeroing in on these dot-com accounting issues:

PRACTICE                                USER

RECOGNIZING REVENUE TOO SOON            Microstrategy
Money from future software upgrades
should not be booked now

USING GROSS VS. NET REVENUE             priceline.com
Reselling a $100 airline ticket
for $150 equals revenue of $50,
not $150

BOOSTING MARKETING EXPENSES             Amazon.com
Calling warehousing, customer
service, and some shipping costs
''marketing expenses'' inflates
gross margins


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RELATED ITEMS
Commentary: Earth to Dot-Com Accountants

TABLE: SEC Clampdown

ONLINE ORIGINAL: MicroStrategy's Saylor: "We Have Been Caught in That Gray Zone"



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