mal’s Weblog











{June 30, 2009}   backdating (cash receipts, for example)

Assigning a document an earlier date than when the document was actually created. This is often illegal. http://www.investorwords.com/6415/backdating.html

 

This means that if the year ends on December 31st and i’m a sales incharge hoping to get a bonus if i reached sales of say 100,000 by December 31st, but fall short of my target by 1000, then i would be backdating cash receipts that i actually received in January the next year if i dated them as before or on December 31st, so that i can show that i reaced my target for this year and thus am entitled to a bonus.

 

Let me look up what would happedn to these January receipts if i recorded them in December but recieved them in January…

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