It is in my book. :winkold:
i always pass my changes through the auditors, and make sure they are happy with it.
a couple of examples:
i'll be more prudent with bad debt and increase my provisions, to lower profit. This is a very easy place to move up & down, especially if you have a variety of customers.
i might release various other provisions (built-up during the good times). Increasing profit.
we have changed the length of time we have depreciated assets over (proving that they will last longer than we first thought), thereby increasing profit.
we have written of assets that we have decided are obsolete, to lower profit.
Goodwill, branding, intangible assets are another place you can play with numbers (up or down).
increase/ decrease obsolete stock provisions.
These will all be for the statutory accounts, and we will pass them all through the auditors.