In general, accounting gimmicks [also known as aggressive accounting or creative accounting or shenanigans accounting] are actions that intentionally distort a company’s reported financial statement. They range from benign [changes in accounting estimates]... 

In a troubled debt restructuring, the debtor has financial problems and is relieved of part or all of the obligations. The concession arises from the debtor-creditor agreement, or law, or it applies to foreclosure and repossession. How troubled debt... 

We are still in “Accounting Changes” we have talked about: Change in accounting prinsiples, Changes in accounting estimates and reporting entity. In this post we are going talk about journal entry for correction of errors. Some erroneous entries...