Thread regarding Halliburton Co. layoffs

Does accounting move past wages of the laid off to severence costs for accounting?

When somone gets laid off at the end of the quarter, do they do creative book keeping and move ones past 3 months of wages to compensation for accounting trickery? This would make the company's revenue to costs (not including severences) pretty appealing on Wall St. No?

Is that the secret for Halliburton maintain such an over valued stock?

by
| 1023 views | | 1 reply (May 28, 2016) | Reply
Post ID: @OP+HC9JvCv

1 reply

It does stand to reason, not only because Uncle Dave has previous experience with the "creative accounting" practices he acquired at Arthur Anderson/Enron, but in that Halliburton used the same technique to inflate revenue with its Brown and Root/KBR future contracts.

by
| | Reply
Post ID: @aws+HC9JvCv

Post a reply

: