Jun 22nd, 2015
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Adelphi University
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Pengaruh Kulit Berminyak Terhadap Timbulnya Akne Vulgaris Pada Mahasisiwa Program Studi Kedokteran Umum Universitas Malahayati Angkatan 2008

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Cooking the BooksIntroduction to How Cooking the Books WorksThe year 2002 saw the end of an era of skyrocketingstockprices and booming businesses. Things that had seemed to be too good to be true were just that. Companies that we previously thought of as unstoppable didn't have the earnings they told us they did.Instead, they had been"cooking the books"to create the appearance of earnings that really didn't exist. A company is guilty of cooking the books when it knowingly includes incorrect information on its financial statements -- manipulating expenses and earnings to improve theirearnings per shareof stock (EPS).In this article, we'll look at the tricks that some companies used to beef up their financial documents as well as why they do it. We'll also examine some of the fallen giants like Enron and WorldCom to see what happened and where they are now.Why Cook the Books?Managing earnings (or "cooking the books"), is simply a way of making things look better than they actually are to keep stockholders happy, entice new investors, meet budgets, and most importantly, earn executive bonuses. Executive bonuses are tied to specific levels of earnings, making it extremely tempting to do just about anything to meet -- or appear to meet -- the goal. But not all book cooking is motivated by greed. By making revenues appear larger than they actually are, a struggling company could stay afloat with investors' money until it can turn a true profit.Here's an exa

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