Jango taught the whole Alpha batch how to professionally cook the books while drunk once in the early years on Kamino, and forgot about it after since he didn't think they'd ever have any reason to use the skill
the Alphas, however, recognized the utility of the skill, and promptly passed it down to all of their trainees in secret
when the war starts, the Jedi are incredibly delighted with the way the troopers manage their budgets and the Senate's restrictions, noting a few new tricks for their own purposes
the Senate attempts to audit the Coruscant Guard exactly once, and concludes that everything is totally aboveboard
Fox, of course, is insufferable about this during every meeting with his batchmates for months afterward
"Republicans are waving a $3.8 trillion magic wand over their tax-and-spending megabill, declaring that their extensions of expiring tax cuts have no effect on the federal budget. The unprecedented maneuver is a crucial part of the GOP plan to squeeze permanent tax cuts through Congress on a simple-majority vote in the coming days. Republicans are expected to endorse the accounting move in a procedural vote early Monday." [WSJ, behind a paywall]
"Imagine you and your family have a budget, and you set aside money every month to lease a car. At the end of the lease, the dealer calls you up and agrees to extend the deal for another year.
“'Great news,' you tell your family. 'Since we’ve already been making monthly payments on the lease, I’ve decided that the extension means that the car is now free.'” (x)
Owners like Steve Ballmer can take the kinds of deductions on team assets — everything from media deals to player contracts — that industrialists take on factory equipment. That helps them pay lower tax rates than players and even stadium workers.
This article is focused on American sports leagues and tax loopholes but with the more overt involvement of billionaires in F1 as it also has moved to a buy-in requirement considered to be the first step to a franchise arrangement, the value of team ownership as tax write-off seems relevant.
Paper URL: https://www.ijtsrd.com/management/accounting-and-finance/38651/creative-accounting-dynamics-and-financial-reporting-quality-in-public-corporations-in-nigeria/otse-amos-egwurube
The public corporations are pivotal institutions that are vehicle used by the government to lubricate an economy and engender development. As government owned entity, their activity stimulates the economy of any nation. This paper examines financial statement to investigate the extent to which creative accounting issues in such financial reports had influenced the quality of such report in the public corporations in Nigeria. The study used secondary data from ten selected public corporate entities’ annual reports to rate the influence of creative accounting manipulations or otherwise on factors that influences financial reporting quality. A deductive approach using descriptive survey and inferential statistics were used to reach general conclusions based on the results from the findings. The result shows that application of standards allows for accounting preparer to use discretions given room to either positive or negative impact on financial reporting quality. The study noted that in Nigeria, the annual reports most times show positive growth while the economic reality signs show otherwise. Manipulative behaviours in financial reports in public corporations in Nigeria promotes corruption, destroys the image of the nation, public loss of confidence and negative growth trend.
