Cook the books

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Cook the books

To deliberately falsify the financial statements of a company. This is an illegal practice.

Cook the Books

Informal; to falsify an accounting statement deliberately. Cooking the books usually involves overstating revenue and/or understating expenses. A person can use aggressive accounting to cook the books by using creative ways to make a company look healthier than it is. More directly, a person can simply lie on a financial statement. Cooking the books is illegal.

cook the books

To distort a firm's financial statements. For example, a manager may intentionally overstate sales or understate expenses in order to create high net income.

Cook the books.

When a company cooks the books, it is deliberately -- and illegally -- providing false information about its financial situation to bolster its stock price, often by overstating profits and hiding losses.

A company may also cook the books to reduce its tax liability, but then it stirs in the opposite direction by underreporting profits and overstating losses.

References in periodicals archive ?
This isn't an exercise in objectivity: While the authors do believe that at many companies, "option-induced avarice spurred corporate chieftains to cut corners, cook the books and dupe investors into buying shares at inflated prices," they also contend that "most corporations in America would enjoy more motivated workers and larger profits if they embraced partnership capitalism centered around employee stock options.
Levin $178,364,000 4,700 Warner Source: "Executive Excess 2002: CEOs Cook the Books, Skewer the Rest of Us," United for a Fair Economy
Gordon Brown likes PFI because it means he can cook the books.
Putting a library in a glass box facing south is of course tempting fate to cook the books, but the stacks are kept to the Inner area, under the Intermediate floor, and so provided with a good degree of protection.
There are lots of ways to cook the books, and accountants are too willing to make use of them because if they do they can be on the receiving end of a very grateful client.