Clown-Free Zone... sorry, no clowns allowed Message Board

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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: pater tenebrarum who wrote (50533)	12/21/2000 5:28:51 PM
From: yard_man	Read Replies (1) of 436258

Golly GEeeeeee biz.yahoo.com >>Since its formation last year, the SEC's fraud task force has learned that a company's size does not matter when it comes to recognizing suspect revenue. Some companies employ accounting tricks, in a potentially illegal practice called earnings management or ``smoothing,'' to make their financial results look better. These can be as subtle as booking revenue prematurely to meet Wall Street expectations or spreading expenses over a longer period of time to increase profits. Niemeier said more large companies seem to be doing this, hoping that Wall Street will look past one-time events. He said he is not sure how widespread the problems are. ``The company may rationalize it's not appropriate for their stock to be brutalized for missing (earnings expectations) by a penny, so they smooth,'' Niemeier said. <<

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