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Window Dressing

Window Dressing

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Published by Shankey

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Published by: Shankey on Apr 23, 2011
Copyright:Attribution Non-commercial

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04/23/2011

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Window DressingWindow Dressing
Financial Statement AnalysisPresented by: Gopal Krishan
 
WindowWindowDressingDressing
Also called:
‡
C
reative or 
‡
InnovativeAccounting
‡
EarningsManagement or 
‡
AggressiveAccounting
y
Manipulationoffinancialnumbers
y
Withinthescopeoflawandaccountingstandards
y
Againstthespirit
y
 Notprovidingtrueandfaivalueofthecompany
y
Generallydonetoinflatethe profits
y
Hiddeninthenotestoaccounts
y
ISNOTILLEGAL!!!
 
Fav
orite
Fav
oriteAre
a
sAre
a
s
Evenifcurrentyearprofitsare presentedashigh,thenextyeawouldhavetoabsorbthedeferredexpensesandhencetherewillbeadip.
y
evenuerecognition
y
Off-balancesheetfinancing
y
Impairmentofassets
y
Deferredrevenueexpenditure
y
Inappropriateaccrualsandestimationofliabilities
y
Amortization

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