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Showing posts with label cooking the books. Show all posts
Showing posts with label cooking the books. Show all posts
Thursday, 13 May 2010

Cooking the Books: Investors, be warned.

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This discussion should make you better able to see the clues of fraud and remind you to be vigilant. Managers most often cook the books fo...

Cooking the Books: The Auditor's Job

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Just as some people cheat on their tax returns, thinking they will not be caught, some companies "cook the books" hoping auditors ...

Cooking the Books: Sweetening the Balance Sheet

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Most often both the Balance Sheet and the Income Statement are involved in cooking the books.  A convenient cooking is exchanging assets wit...

Cooking the Books: Puffing up the Income Statement

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Puffing up the Income Statement most often involves some form of bogus sales revenue that results in increased profit. One of the simplest...

Cooking the Books: This is very different from "Creative Accounting."

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The vast majority of audited financial statements are prepared fairly.  They are assembled in accordance with GAAP and evidence sound fiscal...

Cooking the Books: Why do managers cook the books?

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Managers most often cook the books for personal financial gain - to justify a bonus,  to keep stock prices high and options valuable or  ...

Cooking the Books: Techniques to Sweeten the Balance Sheet

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C. Improperly increased or shifted period income. D. Improperly increased assets and equity. C.  Improperly increased or shifted period i...

Cooking the Books: Techniques to Puff Up the Income Statement

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A.  Improperly increased revenue B.  Improperly lowered cost or expenses. A.  Improperly increased revenue A1.  Sales recorded before c...