Voodoo Accounting

Any form of accounting that does not follow principles of conservatism. While there are many methods by which financial statements can be fudged, it always comes down to inflating revenue or hiding expenses. Examples of accounting shenanigans include the big bath, cookie jar accounting and improper recognition of revenue.

Any method that boosts profitability through accounting tricks eventually catches up with the company. As soon as it does "poof", past profits disappear like magic. (Hence the name "voodoo accounting").


Investment dictionary. . 2012.

Look at other dictionaries:

  • voodoo accounting — /vudu əˈkaʊntɪŋ/ (say voohdooh uh kownting) noun any form of accounting in which financial statements are manipulated to show higher profits, fewer liabilities and more assets than is actually the case …   Australian English dictionary

  • Haiti — /hay tee/, n. 1. Formerly, Hayti. a republic in the West Indies occupying the W part of the island of Hispaniola. 6,611,407; 10,714 sq. mi. (27,750 sq. km). Cap.: Port au Prince. 2. Also, Hayti. a former name of Hispaniola. * * * Haiti… …   Universalium

  • Isaiah Oke — (born c. 1940) was a Nigerian shaman called a “babalowa” who eventually rejected sorcery and became the subject of a 1989 autobiographical book titled Blood Secrets , as told to Joe Wright. Early years Isaiah Oke was born in the village of Ils… …   Wikipedia

  • Spartan (comics) — Superherobox| ..... caption = comic color = background:#8080ff character name = Spartan real name = Hadrian publisher = Wildstorm debut = WildC.A.T.S. #1 (August, 1992) creators = Brandon Choi, Jim Lee alliance color = background:#ffc0c0… …   Wikipedia

  • Calendar of 2003 — ▪ 2004 January So long as there is a single Brazilian brother or sister going hungry, we have ample reason to be ashamed of ourselves. Lula, in his inaugural address as president of Brazil, January 1 January 1       The Socialist Lula (Luiz… …   Universalium

  • performing arts — arts or skills that require public performance, as acting, singing, or dancing. [1945 50] * * * ▪ 2009 Introduction Music Classical.       The last vestiges of the Cold War seemed to thaw for a moment on Feb. 26, 2008, when the unfamiliar strains …   Universalium

  • Savings and loan crisis — The savings and loan crisis of the 1980s and 1990s (commonly referred to as the S L crisis) was the failure of 747 savings and loan associations (S Ls) in the United States. The ultimate cost of the crisis is estimated to have totaled around… …   Wikipedia

  • List of pseudosciences and pseudoscientific concepts — This is a list of fields of endeavor and concepts regarded as pseudoscientific by organizations within the international scientific community or by notable skeptical organizations. The existence of such expressed opinions suffices for inclusion… …   Wikipedia

  • 9/11 conspiracy theories — The collapse of the two World Trade Center towers and the nearby WTC7 (in this photo, the brown building to the left of the towers) is a major focus of 9/11 cons …   Wikipedia

  • List of Murder, She Wrote episodes — This is a list of Murder, She Wrote episodes in the order that they originally aired on CBS. Many of the episodes took place in either Jessica s hometown of Cabot Cove or in New York, but her travels promoting books or visiting relatives and… …   Wikipedia

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”

We are using cookies for the best presentation of our site. Continuing to use this site, you agree with this.