In the article extract about GE (below), the FREQ perspective on it would be:

I was sometimes asked to squirrel away excess earnings in fake accounts with made-up names, to be used when earnings were down in later months, he said. One such account was called Plug. New York Times, 6 August 2009

a.

Persistence: squirreling away excess earnings in fake accounts with made-up names, to be used when earnings were down in later months makes earnings look persistent.

b.

Conservatism: the earnings for the year in which the squirreling took place would be overstated.

c.

Earnings management: the earnings for the year in which the squirreling took place would be overstated.

d.

Faithful representation: squirreling away excess earnings this year and future period earnings when it is used faithfully represents the earnings of the firm.