Author Topic: What does 'Cook The Books' mean?  (Read 92 times)

Offline Repon

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What does 'Cook The Books' mean?
« on: January 13, 2018, 07:59:53 PM »
What does 'Cook The Books' mean?

Cook the books is an idiom describing fraudulent activities performed by corporations in order to falsify their financial statements. Typically, cooking the books involves augmenting financial data to yield previously nonexistent earnings. Examples of techniques used to cook the books involve accelerating revenues, delaying expenses, manipulating pension plans and implementing synthetic leases.

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Senior Lecturer in Accounting
Department of Business Administration
Faculty of Business & Economics
Daffodil International University

Offline afrin.ns

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Re: What does 'Cook The Books' mean?
« Reply #1 on: March 01, 2018, 05:12:27 PM »
Thanks for sharing