EM-1 Revenue Timing

Analyze whether revenue was recognized too early.

Checks

• Recompute DSO with ending receivables and flag sharp QoQ/YoY jumps.

• Compare current and prior revenue-recognition footnotes for policy shifts.

• Check AR growth vs revenue growth and AR quality/reclassification changes.

• Look for bill-and-hold, consignment, sell-in vs sell-through changes, or quarter-end pushes.

• For long-term contracts, review POC estimate changes that raise revenue without matching cash.

Output

Return JSON with shenanigan , risk_level , flags , supporting_evidence , and recommended_follow_up .