Accountancy, asked by lalithasiraparapu, 4 months ago

example of manipulation of accounts​

Answers

Answered by sneha371549
2

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.

Answered by UsmanSant
0

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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