Specific financial statements (e.g. Income Statement, Balance sheet, etc, state all) that are impacted and how they are affected (sections e.g Current assets, gross profit) of the statement that increase or decrease), by the shenanigan
Specific financial statements (e.g. Income Statement,
What are financial shenanigans?
Financial shenanigans are wilful misrepresentation of the true financial performance or financial position of a company or entity. Financial shenanigans may contain fraudulent accounting practices or fraudulent acts that seek to steal financial information. Financial shenanigans may also include taking independent fraudulent actions, creating fraudulent companies, or creating Ponzi Schemes. In almost every cases, the company’s performance has been due to financial shenanigans will have big effect on its, future prospects, stock price, management competency etc.
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