What Is Aggressive Accounting?
Aggressive Accounting
Radical accounting
Right!
- Chinese name
- Radical accounting
- Foreign name
- Aggressive Accounting
- Pinyin
- j jìn huì jì f
- Meaning
- Misstatement of income statement and balance sheet items
- Aggressive Accounting
- Misstatement of income statement and balance sheet items to increase the company's accounting appeal to investors. Although some forms of radical accounting are also legal, it is generally not accepted because it is a clear deception. Radical accounting, also known as creative or innovative accounting, is called false accounting in some extremely bad circumstances.
- Network explanation
- Although the debate on radical accounting has been going on for a long time, it didn't reach its peak until the late 20th century, referring to the era of the Internet bubble in the early 21st century. Following the bankruptcy of Enron in 2001 (previously traded on the New York Stock Exchange under the symbol ENE), the US Congress and Senate passed the Sarbanes-Oxley Act. The Sarbanes-Oxley Act or SOX is named after Senator Paul Sarbanes (D-MD), the initiator of the Act, and his representative, Michael G. Oxley (R-OH). Many new regulations have been made in areas such as supervision.