creative accounting

Definition

Use of unorthodox 'massage parlor' techniques which, while following provisions of GAAP, paint a desired (negative or positive, as the case may be) picture of a firm's finances. For example, selling an asset (whose market value is high but book value is low) to create non-operating profit that offsets operating loss. Unlike cooking the books, creative accounting is generally legal. Euphemistically also called financial engineering or earnings management. See also creative financing.

单词	creative accounting
释义	creative accounting Definition Use of unorthodox 'massage parlor' techniques which, while following provisions of GAAP, paint a desired (negative or positive, as the case may be) picture of a firm's finances. For example, selling an asset (whose market value is high but book value is low) to create non-operating profit that offsets operating loss. Unlike cooking the books, creative accounting is generally legal. Euphemistically also called financial engineering or earnings management. See also creative financing.
随便看	personal management personal notice personal power personal property personal property floater personal property of others personal property tax personal protective equipment (PPE) personal residence personal savings personal savings rate personal selling personal service personal-service activity personal service at customer's site personal specification personal spending personal surety personalty personal use property personal value persona non grata personification personnel personnelist