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Could someone tell me What does ''Cooking the books " I know it is slang for financial irregularity but what would be the correct English usage instead of using this phrase. Also anothe r word for " over - reporting " a financial statement . Could someone tell me which site would help me get this type of information. Thank you for your time and help in advance.
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Hi Joanne,

Cooking the books - translation - committing fraud.

When you over-report something, you inflate the result through artificial means. For example, the prior management team at Northern Telecom is alleged to have over-reported the company's earnings during the past couple of years in order to receive larger management bonuses. As a consequence, they were fired and new executive management team has been put in place.

A good website is [url="http://www.sec.gov /"]SEC website[/url].

If I were you, I'd simply google for "financial teminology" without the quotes. There are lots of websites that will provide information for you.

Some general websites that might be of interest are as follows:

1) TheStreet.com (www.thestreet.com)
2) Wall Street Journal Online (www.wsj.com)
3) Financial Times Online (www.ft.com)
4) Motley Fool (www.fool.com)
5) CBS Marketwatch (cbs.marketwatch.com)
6) NY Times - Business Section (www.nytimes.com)

I hope this helps get you started.

MountainHiker
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Students: We have free audio pronunciation exercises.
Thank you so much for your help. I really appreciate it .

Regards

Joanne
My pleasure Joanne!