Voodoo Accounting

Any accounting system that uses unscrupulous methods, especially to please investors. For example, voodoo accounting may inflate profits by transferring funds to an off-the-books account set aside just for that purpose. It may also hide losses in subsidiaries or do other things to misrepresent a company's financial state. In the early 2000s, voodoo accounting came into focus in the United States when it was revealed that Enron and several other companies were using the practice. See also: Sarbanes-Oxley Act of 2002.

单词	voodoo accounting
释义	Voodoo Accounting Voodoo Accounting Any accounting system that uses unscrupulous methods, especially to please investors. For example, voodoo accounting may inflate profits by transferring funds to an off-the-books account set aside just for that purpose. It may also hide losses in subsidiaries or do other things to misrepresent a company's financial state. In the early 2000s, voodoo accounting came into focus in the United States when it was revealed that Enron and several other companies were using the practice. See also: Sarbanes-Oxley Act of 2002.
随便看	raise with (someone or something) raise you from raise you from the dead raise you on raise you out of raise your banners raise your consciousness raise your eyebrows raise your game raise your glass raise your glasses raise your glasses to raise your hackles raise your hand raise your hand against someone raise your hands raise your hat to raise your hat to someone raise your hopes raise your sights raise your spirits raise your voice raise your voice against raise your voice against somebody raise your voice against something