example of manipulation of accounts
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Explanation:
There are many cases of financial manipulation that date back over the centuries, and modern-day examples such as Enron, Worldcom, Tyco International, Adelphia, Global Crossing, Cendant, Freddie Mac, and AIG should remind investors of the potential landmines that they may encounter.
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Some examples of companies that have been marked for account manipulation are Enron, Worldcom, Tyco International, Adelphia, Global Crossing, Cendant, Freddie Mac, and AIG.
- "Account manipulation" or "financial statement manipulation" refers to a particular type of frauding accounts against well-known investors.
- There are several ways to do manipulation of accounts. Those are as follows.
- By the recording of premature revenue.
- By recording certain fictitious revenue.
- A sudden increase in income with One-Time gains.
- To do shifting changes in current expenses period.
- Failure of recording company liabilities.
- Revenue shifting to a Later Period.
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