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When a small footnote is used as a tool to make a weak balance sheet look strong
This is the uncomfortable truth about company accounts. A number on a balance sheet is not always cash that will return, and a liability tucked into a note is not always a risk that will stay away. The warning is usually there in plain sight, months early, for the few investors who know where to look. This story shows you exactly where.
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economictimes.indiatimes.com
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When a small footnote is used as a tool to make a weak balance sheet look strong
This is the uncomfortable truth about company accounts. A number on a balance sheet is not always cash that will return, and a liability tucked into a note is not always a risk…
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Forget fake invoices. The real risk is the assumptions made in the balance sheet to hide losses
Most accounting risks make noise. The biggest one on the Indian balance sheet doesn't. It hides inside growth assumptions, discount rates, and the way one asset is grouped with…