Yuuzoo's accounting may be too aggressive

YUUZOO Corp's latest financial results offer little assurance in the face of concerns about the company's cash burn and its liberal revenue recognition policies.

While the company could well justify not being able to generate cash at this stage of its development, what is more troubling is the aggressive way in which it tries to portray its finances.

Yuuzoo, which runs a social networking website, recently posted a tenfold increase in net profit to S$14.3 million f…