Comments on: Bill Gurley Discovers Virtual World Bean Counting http://alphavilleherald.com/2010/02/bill-gurley-talks-about-accounting-with-virtual-worlds-why-there-is-a-difference-between-the-provide.html Always Fairly Unbalanced Tue, 04 Oct 2016 13:18:56 +0000 hourly 1 http://wordpress.org/?v=3.1 By: Jessica Holyoke http://alphavilleherald.com/2010/02/bill-gurley-talks-about-accounting-with-virtual-worlds-why-there-is-a-difference-between-the-provide.html/comment-page-1#comment-341 Jessica Holyoke Mon, 15 Feb 2010 07:12:37 +0000 http://localhost/wp_2/?p=22#comment-341 @Ciaran While content doesn't apply to the rental model he was talking about, land sales do conform. So theoretically, they can amortize the income from land sales over many months and not just count it in the year of sale. Which also raises the question of what happens if they reclaim the land for lack of payment of tier? @Ciaran

While content doesn’t apply to the rental model he was talking about, land sales do conform. So theoretically, they can amortize the income from land sales over many months and not just count it in the year of sale. Which also raises the question of what happens if they reclaim the land for lack of payment of tier?

]]> By: Ciaran Laval http://alphavilleherald.com/2010/02/bill-gurley-talks-about-accounting-with-virtual-worlds-why-there-is-a-difference-between-the-provide.html/comment-page-1#comment-340 Ciaran Laval Sun, 14 Feb 2010 19:46:48 +0000 http://localhost/wp_2/?p=22#comment-340 He has edited his post to say that the rental model isn't suitable for Second Life because Linden Lab don't sell the content, users do. He has edited his post to say that the rental model isn’t suitable for Second Life because Linden Lab don’t sell the content, users do.

]]> By: All Seeing Eye http://alphavilleherald.com/2010/02/bill-gurley-talks-about-accounting-with-virtual-worlds-why-there-is-a-difference-between-the-provide.html/comment-page-1#comment-339 All Seeing Eye Sat, 13 Feb 2010 03:46:50 +0000 http://localhost/wp_2/?p=22#comment-339 With people like this calling the shots the best advice is to pull your money out and export all your crap as soon as possible. Before LL does something stupid like put expiration dates on it. With people like this calling the shots the best advice is to pull your money out and export all your crap as soon as possible. Before LL does something stupid like put expiration dates on it.

]]> By: Rob "N3X15" Nelson http://alphavilleherald.com/2010/02/bill-gurley-talks-about-accounting-with-virtual-worlds-why-there-is-a-difference-between-the-provide.html/comment-page-1#comment-338 Rob "N3X15" Nelson Fri, 12 Feb 2010 17:39:49 +0000 http://localhost/wp_2/?p=22#comment-338 Some of your links are screwed up, please fix them. Some of your links are screwed up, please fix them.

]]> By: Jessica Holyoke http://alphavilleherald.com/2010/02/bill-gurley-talks-about-accounting-with-virtual-worlds-why-there-is-a-difference-between-the-provide.html/comment-page-1#comment-337 Jessica Holyoke Fri, 12 Feb 2010 11:49:56 +0000 http://localhost/wp_2/?p=22#comment-337 Something I forgot to put into the main article. While Supply Linden prints Linden dollars for the Lindex, the Lab has also printed Linden dollars up in the past as part of stipend payments. Sometimes this is associated with a premium membership so that part of the premium paid would be the liability. But sometimes, with a basic account, Linden dollars were given without asking for a payment to be made. Which means if the Lab tracked outstanding Linden dollars as liabilities, and when redeemed as classifieds or uploads as revenue, then they would have more liability out there than revenue received because they printed up Linden dollars that are not backed with currency. The same thing happens with other virtual worlds, such as Island Life where you can earn coins. On other worlds, such as Adventure Quest, in world currency cannot be bought and only special currency can be bought. Meaning the scheme of using virtual currency as a liability until exercised is easier to account for on Adventure Quest, than it is on Island Life or Second Life. Something I forgot to put into the main article. While Supply Linden prints Linden dollars for the Lindex, the Lab has also printed Linden dollars up in the past as part of stipend payments. Sometimes this is associated with a premium membership so that part of the premium paid would be the liability. But sometimes, with a basic account, Linden dollars were given without asking for a payment to be made. Which means if the Lab tracked outstanding Linden dollars as liabilities, and when redeemed as classifieds or uploads as revenue, then they would have more liability out there than revenue received because they printed up Linden dollars that are not backed with currency. The same thing happens with other virtual worlds, such as Island Life where you can earn coins. On other worlds, such as Adventure Quest, in world currency cannot be bought and only special currency can be bought. Meaning the scheme of using virtual currency as a liability until exercised is easier to account for on Adventure Quest, than it is on Island Life or Second Life.

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