Cooking the BooksHow Some Interpret Bad Results as Victories

[Verbal] Definition of 'Cook The Books'

• A buzzword describing fraudulent activities performed by corporations in order to falsify their financial statements. Typically, cooking the books involves augmenting financial data to yield previously non-existent earnings.

• Examples of techniques used to cook the books involve accelerating revenues, delaying expenses, manipulating pension plans and implementing synthetic leases.

• Source: http://www.investopedia.com/terms/c/cookthebooks.asp

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This Is NOT anEncouragement

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