Understanding Accounting Frauds (Part-2)
Checklist to understand Recording of Revenue in Financial Statement (Part-2) In continuation of my previous blog post... https://myweekendspot.blogspot.com/2020/01/catch-trend-its-all-about.html?m=1 Investors rely on the information that they receive from corporate executives to make informed and rational securities selection decisions. This information is assumed to be accurate, whether the news is good or bad. While most corporate executives respect investors and their needs, some dishonest ones hurt investors by misrepresenting the actual company performance and manipulating the company’s declared earnings. Below mentioned are some of the shenanigans done...