alt Hacker Newspretty sure that's what the "spend commitment" changes. It's a "use it or lose it" agreement. It's as good as a debt the moment it is signed, used or not.
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MisterMunchkin • yesterday at 9:19 PM
I think they declare it as pipeline revenue or something instead of current year revenue
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GAAP does not permit booking contracted future revenue onto the balance sheet or income statement, because the spend is not actually an unconditional debt until the service has been rendered.
It doesn't matter if it's committed or not, it still won't be recognized on the formal financial statements.