Hacking GAAP Accounting Standards
Updated: 5/30/2020
Hacking GAAP Accounting Standards
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Storyboard Text

  • Hey Pete, I got this sweet new idea called SMCS Century
  • Thats Awesome!
  • Inside the Postill ENRON Headquarters
  • I don't know if you can do that according to GAAP Standards
  • Its soooo great i put the future sales into the books
  • Dude ur not being cool right now
  • You actually need to recognize revenue when it was earned
  • No one will care. The books are fine.
  • No there not! You haven't shipped anything yet and I seriously doubt you can collect any money
  • Nooooo
  • Hi I'm Jerry the lawyer and I am suing your company for fraud and violating GAAP principles
  • Postill Remembered he can flee the country to Mexico and evade federal investigation into accounting fraud
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