Carillion Bankruptcy Exposes Increasingly Popular Accounting Flaw – ValueWalk Premium

Carillion Bankruptcy Exposes Increasingly Popular Accounting Flaw

A financial reporting loophole was evident in the January bankruptcy of Carillion PLC, according to a report from Moody’s Investor Service. To the outside world, the company appeared to be a reasonably healthy concern, but what lies beneath the company’s balance sheet was a “reverse factoring” mess that obfuscated its true liabilities to banks. What is being categorized as an accounting flaw is becoming an increasingly popular method of financial engineering.

In 2016 Carillion . . .

SORRY!

This content is exclusively for paying members.

If you are subscribed and having an account error please clear cache and cookies if that does not work email [email protected] or click Chat.


X
Saved Articles
X
TextTExtLInkTextTExtLInk

0