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  "documentTitle": "Quintis Limited (QIN)",
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  "notes": "Includes a quote from Robert Maxwell and a specific excerpt from an accounting policy change.",
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      "kind": "callout",
      "text": "Why is all of this significant? Because the revenue recognition policy now allows TFS to recognise sales to the unit trust before contracts are entered into!",
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      "text": "Contracts TFS to plant and maintain 7ha of new plantations ($595k); Purchases the land outright from TFS ($105k); and Uses the remaining $300k to buy-out existing investor lots in a secondary market",
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      "text": "Our research indicates that TFS's aggressive accounting practices together with a discretionary revenue recognition policy allow it to book revenues well before cash payments.",
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      "text": "Money you haven't earned is not good for you. — Robert Maxwell",
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      "kind": "source-note",
      "text": "3 TFC FY 2009 Annual Report http://www.asx.com.au/asxpdf/20090929/pdf/31l0k4zxvcpxq6.pdf",
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      "text": "(z) Change in Accounting Policy: The economic entity changed its accounting policy in relation to the recognition of its establishment fee revenue...",
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      "text": "5. Questionable Accounting Practices",
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