Accounting Solver

March 3rd, 2008

ACCOUNTING NOISE 4: Cooking the Books

A company who has had a poor performance resorts to “accounting noise” to make it look better than it really is (e.g., Enron, WorldCom, etc).
In addition to fudging revenue figures (recording future / potential income that may or may not actually be realized) and fudging expense figures (postponing the recording of expenses into the future), […]

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