What is the meaning of "Cooking the books"?
What is the meaning of "Cooking the books"?
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Answers · 7
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Some businesses keep 2 sets of books.
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Cooking the books is a 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.
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Dishonestly or fraudulently accounting
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