The drawing up of accounts which obey the letter of the law and accounting body rules but which involve the manipulation of accounts to show the most favourable profit and balance sheet.

Accounting is the process of tracking the income and expenses of a business or other organization. Accounting is the process of recording financial transactions pertaining to a business or other ...

Accrual accounting is the GAAP-preferred practice of recording all revenues and expenses when they occur, even if payment has not yet been sent or received. In business, all financial transactions ...