An Interest In:
Web News this Week
- March 29, 2024
- March 28, 2024
- March 27, 2024
- March 26, 2024
- March 25, 2024
- March 24, 2024
- March 23, 2024
April 25, 2016 06:08 am PDT
Original Link: http://feeds.boingboing.net/~r/boingboing/iBag/~3/keNXbIsBnPE/fantasy-accounting-how-the-bi.html
Fantasy accounting: how the biggest companies in America turn real losses into paper profits
Lax enforcement from the SEC has allowed the biggest companies in America -- 90 percent of the companies in the S&P 500, led by the faltering energy sector -- to ignore the "Generally Accepted Accounting Principles" (GAAP) in presenting their financial information to investors, manufacturing nonexistent profits in quarters where they suffer punishing losses. (more…)
Original Link: http://feeds.boingboing.net/~r/boingboing/iBag/~3/keNXbIsBnPE/fantasy-accounting-how-the-bi.html
Share this article:
Tweet
View Full Article