Voodoo Accounting,
What is Voodoo Accounting?
The term accounting refers to creative and unethical accounting methods that artificially increase the number of financial statements of a company. Voodoo Accounting uses many accounting tools to increase revenue, increase revenue, hide expenses, or both.
- Voodoo accounting is an insult to illegal or unethical accounting practices that seem to magically improve a company's financing, increase revenue, and cover expenses, or both.
- Voodoo's accounting practices were revised, leading to a number of accounting scandals, including the fall of Enron, Tyco and WorldCom.
- The Serbian Oxley Act of 2002 was passed in response to this regulatory reform scandal and imposed severe fines on those responsible for fraudulent behavior.
Literal Meanings of Voodoo Accounting
Voodoo:
Meanings of Voodoo:
A religion applied in the Caribbean and parts of the southern United States that combines elements of Roman Catholicism with traditional African magic and religious rites and is characterized by magical and spiritual possession.
It affects (someone) who practices voodoo.
Sentences of Voodoo
You can use voodoo to help people
Someone has voodoo
Accounting:
Meanings of Accounting:
Financial account maintenance act or process.
Sentences of Accounting
Investigation of false accounting claims
Synonyms of Accounting
commerce, financial affairs, banking, fiscal matters, accounting, economics, investment, pecuniary matters, business, money matters, money management
Voodoo Accounting,
What is The Definition of Voodoo Accounting?
You can define Voodoo Accounting as, The term accounting voodoo is a creative and unethical method of accounting that artificially increases the numbers in a company's financial statements. Voodoo Accounting uses a number of accounting tricks to increase results, increase revenue, hide expenses, or both.
- Voodoo accounting is reprehensible for unethical accounting practices that miraculously improve a company's finances, increase revenue, and cover expenses, or both.
- Voodoo's accounting practices were scrutinized after several accounting scandals surfaced, including Enron, Tyco and WorldCom's bankruptcy.
- In response to the scandal, the Sarbens-Oxley Act of 2002 was passed to amend laws and punish those responsible for fraudulent activities more severely.
Literal Meanings of Voodoo Accounting
Voodoo:
Meanings of Voodoo:
A religion prevalent in the Caribbean and parts of South America that combines elements of Roman Catholicism with traditional African religious and magical rites and is characterized by magical and spiritual properties.
Practicing voodoo can affect (someone).
Accounting:
Meanings of Accounting:
The process or work of maintaining financial records.
Synonyms of Accounting
see as, judge, look on as, think, consider, rate, take for, adjudge, gauge, reckon, hold to be, think of as, interpret as, regard as, deem, view as
Voodoo Accounting,
What is Voodoo Accounting?
A simple definition of Voodoo Accounting is: Will Canton specializes in investment and business legislation and regulation. Prior to that, he was a senior author at Investopedia and Capital Wire, and received an MA in Economics from the New School of Social Research at New York University and a PhD in Philosophy in English Literature.
- Voodoo accounting is a bid for unethical accounting practices that miraculously improve a company's finances, increase revenue, and cover expenses, or both.
- Vodo's accounting practices were scrutinized after a series of accounting scandals, including the bankruptcies of Enron, Tyco and WorldCom.
- In response to the scandal, the Sarbanes-Oxley Act of 2002 was passed to amend the law and punish those responsible for fraudulent activities.
Literal Meanings of Voodoo Accounting
Voodoo:
Meanings of Voodoo:
A religion prevalent in the Caribbean and parts of the southern United States that combines elements of Roman Catholicism with traditional African religious and magical rites and is characterized by witchcraft and spiritual wealth.
Effect (someone) practicing voodoo.
Accounting:
Meanings of Accounting:
Prepare or submit files for specific or incoming cash accounts.
Sentences of Accounting
For accurate reporting, the trustee should not combine fiduciary assets with other assets.
