Cooking The Books

Of course, reporting information about economic events regardless of when the cash transactions that support those events happen is called accrual accounting. It isn’t book-cooking, isn’t unethical, isn’t immoral, and happens to be, well, good business. It is also, as I would assume the vast majority of the (allegedly) pro-business Republican Party must know, the standard practice of virtually all of the people (sorry, corporations…I was listening to Mitt Romney just now) in the Fortune 500…as well as all major health insurance firms.