"Accounting loopholes" refers to legal strategies or tactics that businesses use to minimize or avoid paying taxes or to manipulate financial statements to present a more favorable picture of their financial health. These loopholes exploit weaknesses or gaps in accounting rules and regulations, allowing companies to take advantage of certain accounting practices to their advantage.
Full definition
They needed to know an accounting expert had analyzed every page of a company's SEC filings to close
GAAP accounting loopholes, and a finance expert had built a truly comprehensive valuation model.
The forensic accounting work we do to close 30
+ accounting loopholes is the bedrock of our fundamental research and, to our knowledge, is unmatched by any of our competitors.
Even if outside income is banned, it will remain extremely easy for deep - pocketed special interests to give large amounts of money to lawmakers via the LLC loophole, the
housekeeping account loophole, and various other scurvy methods that have made Albany synonymous with corrupt state government.
It's clear that the European Commission and many politicians know that this is wrong, but there's been a lot of pressure from some nations — notably the heavily forested Nordic countries that are normally leaders on environmental issues — to leave the
carbon accounting loophole in place, because it's making it so much easier for everybody to hit their climate targets.
Here's where Mary Booth's pessimism concerning the fate of the planet hits home: if the world's largest carbon emitters — the US, UK, EU, and quite possibly China and India — «disappear emissions» through
creative accounting loopholes tolerated by the IPCC, what hope is there for the Paris Agreement of slowing climate change with all its horrific consequences?
In fact,
with accounting loopholes and the use of carbon markets, developed countries could make no net contribution to reducing emissions by 2020.
Only by reading through the financial footnotes and management discussion and analysis (MD&A) can advisors
close accounting loopholes and assess the true profitability of a company.
To learn more about all the adjustments we make, visit
our Accounting Loopholes section.
When we calculate ROIC, we make numerous adjustments to close
accounting loopholes and ensure apples - to - apples comparability across thousands of companies.
Due to
accounting loopholes, GAAP earnings can obscure the true profitability of a business.
While we make thousands of adjustments in our models to close
accounting loopholes and portray the true economics of the underlying business, every adjustment is not only 100 % transparent but also overrideable by clients.
The high - low fallacy allowed acquisitions to help Perrigo mask poor operations in the short - term with EPS growth, but, as we saw with Valeant,
accounting loopholes and / or non-GAAP earnings can not pay the cash costs of running a business.
10:15 pm — IFC — Office Space Anyone whoís ever worked in an office will identify with Office Space immediately — with the paper - jamming printers, the piles of beaurocratic paperwork, and the difficulty of keeping up with staplers if not the plot to make off with boatloads of money due to
an accounting loophole.
8:30 pm — IFC — Office Space Anyone who's ever worked in an office will identify with Office Space immediately — with the paper - jamming printers, the piles of beaurocratic paperwork, and the difficulty of keeping up with staplers if not the plot to make off with boatloads of money due to
an accounting loophole.
KEY ACHIEVEMENTS • Outlined 22
accounting loopholes (and corrected the processes) by performing intense internal audits • Introduced Accounts Possible, an electronic accounts payable database system which decreased delinquent accounts information pulling by 50 % • Created a paper backup of all transactions to ensure that no information is lost in case of cyber disaster striking • Trained 15 accounts payable staff members in different capacities for different roles within the accounts department