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Fill the first blank with the one of the right terms ( Managements personal agenda ; or Off balance sheet item ) and the second
Fill the first blank with the one of the right terms (Managements personal agenda; or Off balance sheet item) and the second blank with one of the right terms (Understating Liabilities; or Overstating Assets; or Impact on key ratios & the big picture)
Firms that adopt wrong practices usually employ:
Example: CEO salaries are a Managements personal agenda and is used for Impact on key ratios & the big picture
- Capitalization of Expenses are a ______________________________ and is used for _______________________
- Contingent Liabilities are a ______________________________ and is used for _______________________
- Change to relatively unknown external auditor are a ______________________________ and is used for _______________________
- Discrepancy in valuing obsolete inventory are a ______________________________ and is used for _______________________
- Constant non-provision for advances/loans (along with a note mentioning the same) are a ______________________________ and is used for _______________________
- Inflating Capital credit and simultaneously decrease trade Creditors are a ______________________________ and is used for _______________________
- Inflating Revenue through tweaking revenue recognition policy are a ______________________________ and is used for _______________________
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