Pick up two sets of accounts for similar football clubs or software firms and you may find radically different looking numbers. In his fourth ‘cooking the books’ video Tim Bennett explains why this happens and what you can do about it.
More from this series
• How investors can be fooled by long-term assets
• How investors can be fooled by long-term contracts
• How investors can be fooled by provisions
• How investors can be fooled by development costs