Who Said Creative Accounting Is Dead ? - Barry Ritholtz

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Who Said Creative Accounting Is Dead ?
Aug 31, 2009 02:15 PM UTC

Barry Ritholtz

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Via The Big Picture:

It appears that NZ Farming (NZX) ran into a little trouble with the regulators when they accidentally included the suggestion of “fudging depreciation” in their account statement:

NZ Farming Systems Uruguay Ltd – Annual Financial Statement

click for larger graphic

I am not at all familiar with the company, but I do seem to think that this sort of accounting term is discouraged in public entities . . .

Note: The Company responds here:

NZ Farming Systems Uruguay Ltd – Annual Financial Statement

http://www.nzx.com/markets/NZSX/NZS/announcements/2806777/NZ-Farming-Systems-Uruguay-Ltd-Annual-Financial-Statement

>

Hat tip Damien

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