Revenue is relatively well defined in accounting terms, although it can be fiddled with some, by booking revenue for sales that aren't going to be completed until later (which, specifically, would be illegal).
Profit is much easier to adjust in accounting terms, by delaying or advancing liabilities from the future. A common example is, if you are going to post a loss for the quarter, go ahead and throw every possible expense you can on it so that next quarter will look much better.
I recommend How to Read a Financial Report by John Tracey.
Profit is much easier to adjust in accounting terms, by delaying or advancing liabilities from the future. A common example is, if you are going to post a loss for the quarter, go ahead and throw every possible expense you can on it so that next quarter will look much better.
I recommend How to Read a Financial Report by John Tracey.
https://www.amazon.com/gp/aw/d/1118735846/ref=dbs_a_w_dp_111...