Comments on: Who Said Creative Accounting Is Dead ?

By: Simon

Simon — Mon, 31 Aug 2009 23:19:53 +0000

Classic. I’m from New Zealand and NZF is on my watch list. The company is trying to replicate pastoral dairy farming as it is done in New Zealand in Uruguay. Arbitraging cheaper labor and land prices. It works well in New Zealand but was something that evolved over a long period.

Agriculture is supposed to be a good bet going forward but any company needs to be managed by people with integrity. I can tell you “fudge it” means make it look better than it is. And it means that here just as it does anywhere that common English is spoken.

By: DSS10

DSS10 — Mon, 31 Aug 2009 20:07:47 +0000

2009 depreciation = 2.4 Mil, Incriminating marginalia in the annual report, priceless.

Man, someone really must have had a brown trouser moment moment when this came out, now lets see if SOX has some teeth…

By: Oops! Personal file note makes it into annual financial statements : CPA Trendlines

Mon, 31 Aug 2009 17:37:54 +0000

[...] Barry Ritholz reports: [...]

By: Transor Z

Transor Z — Mon, 31 Aug 2009 16:48:46 +0000

That company’s entire budget rounds to zero.

By: How the Common Man Sees It

How the Common Man Sees It — Mon, 31 Aug 2009 16:32:21 +0000

Hmm, was that the rough draft that never should have seen the light of day?

By: franklin420d

franklin420d — Mon, 31 Aug 2009 16:09:16 +0000

Hmmmm does this mean cvienne is turning a profit on his farm this year?

By: Clem Stone

Clem Stone — Mon, 31 Aug 2009 15:29:33 +0000

The unemployment roll just increased by one.

By: Pat G.

Pat G. — Mon, 31 Aug 2009 15:28:34 +0000

Whoever “Said Creative Accounting is Dead?” Is a moron in denial.

By: Marcus Aurelius

Marcus Aurelius — Mon, 31 Aug 2009 15:10:47 +0000

That ain’t fudge, son.

By: VennData

VennData — Mon, 31 Aug 2009 15:00:56 +0000

FASB… another excellent example of “Self-regulation” the wingnuts want.

“Hey Dad, can I have the car tonight?”

“Sure son …and you decide what’s right, OK?”