Economic indicators point to a slowdown for the fifth consecutive month: manufacturing & services slowing, companies cutting jobs accompanied by first time claims for jobless benefits increasing, continuous deterioration of the housing market, stock prices down, etc.
Jean Murray of Small Business Boomers citing Jennifer Heigl’s Daily Blender presents evidence of consumer spending pushing the US […]
A company who has had a poor performance resorts to “accounting noise” to make it look better than it really is.
One way is to fudge income figures (e.g., declaring prospective income that has not yet been realized).
Another way is to fudge expense figures. In effect, postponing expenses incurred during […]
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