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What does 'Cook The Books' mean?

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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.


Read more: Cook The Books https://www.investopedia.com/terms/c/cookthebooks.asp#ixzz544X3MQI0

afrin.ns:
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tasnim.eee:
Thanks for sharing.

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