Enron. WorldCom. What comes to your mind when you think of these organizations? The use of variable interest entities and misleading classifications of assets to misstate earnings. Accounting ...
It’s likely safe to say—creative accounting’s been around for as long as accounting itself. In 1494, for example, mathematician and ‘father of modern accounting’ Luca Pacioli wrote of Venetian ...
"Creative accounting" is really bad. Except when it's good. Say that in a roomful of managers, and you get nervous laughter. For me, it evokes a wonderful old New Yorker cartoon by Robert Weber, where ...
Daniel Liberto is a journalist with over 10 years of experience working with publications such as the Financial Times, The Independent, and Investors Chronicle. Dr. Melody Bell is a personal finance ...
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