I doubt very seriously that FLS holds the books open at the end of the quarter to record next quarter sales. POC accounting is a proper method of accounting as long as the product being built takes more than one period to be built and the customer makes progress payments, plus other criteria.
There is probably some profit taking going on. I have not seen any "look forward" statements regarding sales or profits. Hopefully no investment bankers have any inside info.
Regarding bad accounting practices - there are two sides to this problem.
One is the companies and individuals that partake in bad accounting. This is wrong and it must stop. Our corporate leaders must practice and believe that ethics and morals are more important than wealth.
The other side of the problem is the media and understanding stock values. Consider the value of a company's stock; it is not like money in our pocket. The vast portion of the value of a stock is perception. Media can destroy that perception by even implying that something is wrong. This must also stop. The media must get their facts correct.
Whatever happened to thinking long term. The pressure on short term earnings is from investors. I am sure that corporate leaders would rather not have the short term pressure.
Back to ethics. Well if we citizens are willing to put up with government leaders as we have, can we expect our corporate leaders to be any different? Maybe we all need to change and demand that all of our leaders (and ourselves) put ethics first in all things. Greed be gone!