Edmonton Journal - Accounting Shenanigans (News Pick)

Accounting Shenanigans, Red flags, quality of reported earnings, earnings quality etc. and other terminologies related to manoeuvring earnings have been discussed in detail in CFA Level I and Level II curriculum under Financial Reporting & Analysis. The link to the news pick discusses one such event which is being heard in the court of law in which earnings were engineered by a company around a decade back.

Read the news: http://www.edmontonjournal.com/business/come+high+Nortel+controller+declared+after+surprise+profit+court+told/6361072/story.html

Applying CFA Level 1 - Citigroup Accounting Shenanigans

There is a complete chapter in Level I curriculum under Financial Reporting & Analysis which discusses Accounting Shenanigans, how limiting oneself with in the accounting principles organizations can be aggressive or conservative to not represent their true financial picture for several objectives. A real life application is discussed in the following article.

"http://seekingalpha.com/article/316594-citigroup-s-tricky-accounting-and-balance-sheet-shenanigans"