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Term of the Day - August 16, 2004
http://www.investopedia.com
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Term of the Day: Forensic Accounting
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Forensic Accounting utilizes accounting, auditing, and
investigative skills to conduct an examination into a company's
financial statements. Thus, providing an accounting analysis
that is suitable for court.
Investopedia Says:
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Forensic accountants are trained to look beyond the numbers
and deal with the business reality of a situation. They are
frequently used in fraud cases.
Related Links:
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Article: Off Balance Sheet Entities
http://www.investopedia.com/articles/analyst/022002.asp
Article: Cooking the Books 101
http://www.investopedia.com/articles/analyst/071502.asp
Related Terms:
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Accounting
http://www.investopedia.com/terms/a/accounting.asp
Cook the Books
http://www.investopedia.com/terms/c/cookthebooks.asp
Cookie Jar Accounting
http://www.investopedia.com/terms/c/cookiejaraccounting.asp
GAAP
http://www.investopedia.com/terms/g/gaap.asp
Voodoo Accounting
http://www.investopedia.com/terms/v/voodooaccounting.asp
Have a great day!
The Investopedia Staff
http://www.investopedia.com
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