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Canon Inc. Message Board

  • pnephron1 pnephron1 Mar 24, 2006 8:21 PM Flag

    REBATE

    Did canon include the rebates in its reporting of income for the last year?
    or first quarter? There are 570$ worth of rebates that i am due and they confirm oar ein process for the past 3 months. Are these addressed in their earnings is this a way of stalling to not include the rebates in income?
    this is big dollars in their sales close to 10% of their net?! Comments. Something for sptizer to address? Any one with similar concerns?

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    • Under usual accounting guidelines, rebates should be reported as acrued liabilities if they were received during a reporting period but not paid out.

      Of course, rebates that have been theoretically earned by consumers but not submitted are not properly reported, since there's no way to tell what will come in.

      If you want to track this, you can compare the acrreud liabilities on the next report with the prior year or quarter.

 
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