Can Annual Accounts Of Big It Companies Be Trusted?

摘要

When large suppliers announce their annual results, their customers, shareholders and analysts assume the figures are correct - but that is a big assumption. The accountancy profession has told Computer Weekly that write-offs by suppliers, because of contracts which have been over-valued, expose a deep wound in book-keeping practices. The flaw in accounting regulations, rarely discussed in the open, means that the annual accounts of large technology companies can be based, at least in part, on assumptions which may prove incorrect. Costs on long-term contracts can turn out to be more than directors first thought, or they may not receive the payments they anticipated.