Friday, March 22, 2019
Our New Master Class Video

Thursday, March 21, 2019
Tech Data’s Goodwill Adjustment

Tuesday, March 19, 2019
There’s Taxes, and There’s Taxes

Saturday, March 16, 2019
Adventures in Tax Cuts and Net Income

Monday, March 11, 2019
Big Moves in Goodwill, Intangible Value

Friday, March 8, 2019
CVS, Goodwill, and Enterprise Value

Thursday, February 28, 2019
Summary of Our Goodwill Research/ How-To

Wednesday, February 27, 2019
What Does ‘Other’ Mean? An Example

Thursday, February 21, 2019
Another Tale, Buried in the Footnotes

Wednesday, February 13, 2019
Low Latency Calcbench

Monday, February 11, 2019
Now Streaming on Hulu: Red Ink

Thursday, February 7, 2019
Early Look at 2018 Tax Decline

Wednesday, February 6, 2019
You Revised WHAT, Netflix?

Thursday, January 31, 2019
Talking About Huawei Exposure

Wednesday, January 30, 2019
Another Discrepancy in Reported Numbers

Wednesday, January 30, 2019
Finding Revised Facts: Hertz Edition

Wednesday, January 23, 2019
GE Commercial Aviation Services: Bringing Numbers to Light

Monday, January 21, 2019
Differences in Earnings Releases and 10-Ks

Wednesday, January 16, 2019
The Importance of Textual Analysis

Tuesday, January 8, 2019
A Look at Climate Change Disclosures

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Firms sell their goods and services to their customers and collect revenue.  Almost all firms bill their clients and have an accounts receivable account.  So what happens when the amount is not yet invoiced to the client?  Ever wonder how significant these unbilled receivables are?  Look no further than Calcbench.  We randomly selected a 10-K filing that came in on 2/14/2014 Lockheed Martin (LMT).  Using the Calcbench Query Footnotes tool, one is able to extract information on unbilled receivables in seconds.    Returned are all the notes that contain the unbilled receivables text.  Near the top is the “schedule of Accounts Notes Loans and Financing Receivable” and clicking on this note returns the table of unbilled receivables. 

You can go even further!  Highlight and double click on the number 4,767 for 2013 in the “Unbilled Costs and accrued profits” line.  You will be given the values and the tags used by the firm to depict this line item, and get the history of values reported by the company for this tag.  Armed with this information, users may input this tag in the Calcbench Benchmark tool to see other firms that report this line item and to what extent!  See below!!

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