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Detecting Accounting Gimmicks and Fraud

Please help write a brief description on the following:

Select a company investigated or under investigation by the SEC for some financial impropriety. Discuss at least one issue they are being investigated for in the context of the below seven financial shenanigans. The Wall Street Journal, CFO.com, and major newspapers are good sources.

Shenanigans:
1. Recording revenue too soon or of questionable quality
2. Recording bogus revenue
3. Boosting income with one-time gains
4. Shifting current expenses to a later or earlier period
5. Failing to record or improperly reducing liabilities
6. Shifting current revenue to a later period
7. Shifting future expenses to the current period as a special charge

Solution Preview

Please help write a brief description on the following:

Select a company investigated or under investigation by the SEC for some financial impropriety. Discuss at least one issue they are being investigated for in the context of the below seven financial shenanigans. The Wall Street Journal, CFO.com, and major newspapers are good sources.

Shenanigans:
1. Recording revenue too soon or of questionable quality
2. Recording bogus revenue
3. Boosting ...

Solution Summary

Detecting Accounting Gimmicks and Fraud is discussed in great detail in this solution.

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