Examlex
What techniques are used to conceal theft by fraud?
Intra-entity Gross Profit
The gross profit resulting from transactions within the same company or between parent and subsidiary companies, which may need to be eliminated in consolidated financial statements.
Consolidation Worksheet
A tool used in preparation of consolidated financial statements that helps combine the financials of a parent company and its subsidiaries.
Goodwill
An intangible asset on a company's balance sheet representing the premium paid over the book value of the assets acquired in a merger or acquisition.
Undervalued Equipment
Equipment or assets that are appraised or recorded on financial statements at a value less than their true market value.
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