Re: What ?
"Accountants have to make choices, which will have the effect of pushing income and/or expenditure up or down in particular quarters. Some choices may be unusual but that doesn't make them illegal."
I personally discovered accounting when funding a sport club, which became a big one, with time. I was in charge of finances.
It never ceased to amaze me how creative accounting can be ...
Sure, it was non-profit accounting, so a lot simpler than the one of a multi-billions, multi-countries corporation, but still.
Once, I was worried that we'd be positive of about 8k YoY and would look bad for the next round of subventions.
After consulting the accounting books, I passed a 8k provision (spend) et voilà, I ended up at nearly 0 in the balance sheet.
We got our subventions the year after, but some of the exec team members never ceased to ask me the question: "where did the 8k go ?". Of course, they never left the bank account !