A consulting firm’s examination of close to 1,000 public companies suggests roughly half are focused on short-term, period-end gaming meant to dress up balance sheets. REL analyzed the filings of 976 of the largest public companies to look for indications that companies are improving the appearance of the balance sheet. The results of the analysis is that more than 450 of the companies engaged in discounting, enhanced payment terms with customers, stepped-up collection activities, and delayed payment to suppliers. These actions were to increase the working capital performance.
About Mark DeVine
I have been in the tax and accounting profession since 1989. Before founding my own firm, I worked with the international accounting firm of KPMG, the Fleet Private Clients Group, and Bank of New England. I am also a member of the American Institute of Certified Public Accountants and the RI Society of CPAs.To discover how we can help you with taxes, payroll, bookkeeping and more, give me a call at 401.254.0151, or click the link to schedule your free 30 minute consultation today.