Welcome to 31/12 – World Manipulation Day

Added on 30/3/2012:

I wrote the note below for 31st of Decembers, but I guess its relevant in India for the 31st of March/s also!

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Ok gals and guys, 

While you are busy working your thumbs on Facebook and Twitter and SMS wishing the whole world that canned ‘have a happy xyz’ (and I really dunno even if you mean it or just sending out spam stuff), there is a darker, more sinister bunch of folks at work:

WELCOME THE ACCOUNTANTS dressing up the books in a frenzied rush today (31/12):

 LETS GET THIS SORTED QUICKLY

Globally, lots of Companies close their yearly accounts on the 31st of December. So its 1 year of reckoning of what happened in a Company.

Today, the dark suits in their huddles are:

– Shipping out stuff to agents and stockists even if there are no orders coz Sales will get added up this YEAR. Its fine if the goods remain jammed at the other end or in some bizzarre cases even get returned!! 

– Making sure that some expenses are bumped off to next year – that means a better ‘profitability’

– Making all kinds of weird provisions, journal entries and adjustments to make sure that the kids on the stock market (investors) really believe that Santa (Balance sheet) is for real….. 

Hmmm… as kids grow up, they know Santa is a fake. 

My hypothesis is that as the world gets completely interconnected and wired, accounts will be on a AS ON TODAY basis – so if its the 19th of August 2021, then investors will be able to see how a Company has performed from the 20th of August 2020 to the 19th of August 2021 and NOT get cheated by some concocted account statement prepared for them from 1st Jan 2010 to 31st December 2010.

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