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  1. COOK THE BOOKS definition: 1. to change numbers dishonestly in the accounts (= financial records) of an organization…. Learn more.

  2. A company is guilty of cooking the books when it knowingly includes incorrect information on its financial statements -- manipulating expenses and earnings to improve their earnings per share of stock (EPS). In this article, we'll look at the tricks that some companies used to beef up their financial documents as well as why they do it.

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  4. Another common synonym is "cooking the books". Creative accounting is oftentimes used in tandem with outright financial fraud (including securities fraud ), and lines between the two are blurred. Creative accounting practices are known since ancient times and appear world-wide in various forms.

  5. Tucked away at the bottom there is also the meaning 'present in a surreptitiously altered form' and it is that meaning of cook that was used in the coinage of the phrase 'cook the books'. The allusion appears to be the changing of one thing into another, as in the conversion of food ingredients into meals. This usage dates back to Stuart and ...

  6. 16 de abr. de 2024 · A more subtle cooking the books practice is setting up expense reserves, such as the allowance for doubtful accounts, that do not reflect the actual loss rate. This can be detected by comparing the size of the allowance to the average age of all outstanding receivables ; When the average age increases, it is likely that bad debts are not being recognized.

  7. 24 de ene. de 2024 · Cooking the books is the act of falsifying financial information about a company. This can be done to avoid paying taxes or to keep investors happy and stock prices rising, or alternately companies may cook the books in order to draw new investors or to obtain loans. The term arises from an alternate meaning of the verb to cook which is no ...