Overdrafts: Avoid the Cosmetics
Article Abstract:
The existence of an overdraft and how it is reflected in its balance sheet can significantly alter the picture of the company portrayed to the user of the document. Cosmetic measures have been used to fog the scenario in long-term cases as well as short-term. The suggestion is to divide overdrafts into current and long-term liabilities to accurately portray the picture of the company. In reality, many overdrafts are medium-term or long-term loans and should be reflected as such for the benefit of the company as well as the other users. If the cosmetic opportunities were removed, better decision-making regarding financing methods could be encouraged.
Publication Name: Accountancy
Subject: Business
ISSN: 0001-4664
Year: 1984
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The most optimistic man: Pangloss, meet Pollyanna. Jack Kemp, take your pick
Article Abstract:
The use of Pangloss to indicate the optimism of VP candidate Jack Kemp, was replaced in some journals with Pollyanna. The rational is that Pangloss is to literary a reference to mean much to readers. Other words coined from proper names which are in political usage, include pander and maudlin.
Publication Name: The New York Times Magazine
Subject:
ISSN: 0028-7822
Year: 1996
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A smoker's wife
Article Abstract:
A wife tells of her husband's experience with metastasized lung cancer. The husband's heavy smoking was a major factor behind his cancer. The husband quit smoking too late to stop the onset of cancer.
Publication Name: Reader's Digest
Subject: General interest
ISSN: 0034-0375
Year: 1995
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