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THE DUDIL JOURNAL
ACCOUNTING
Accounting  |  Revenue Recognition  |  Earnings Quality  |  Internal Controls  |  Legal & Regulatory  |  Management
DUDIL EXCLUSIVE
CSW Industrials Inflates Profit by $2 Million With Switch to FIFO
Industrial company suggests the change had nothing to do with lifting margins.
DUDIL EXCLUSIVE
Poshmark Discovers New Accounting Errors While Correcting Three Years of Financials
The secondhand marketplace has overstated revenue for a third consecutive year.
DUDIL EXCLUSIVE
Affirm Lost $40 Million More Than Originally Reported in Q1 2021
​Payments firm says the accounting error isn’t material.
DUDIL EXCLUSIVE
YETI Recognizes $6.4 Million That Should’ve Been Expensed Last Year
Luxury cooler maker’s out-of-period adjustment is light on details.
DUDIL EXCLUSIVE
Amazon’s Q1 Loss Would Have Been Higher by $763 Million Without Accounting Change
The retail & cloud giant’s new accounting treatment will add approximately $4 billion to 2022 operating income.
DUDIL EXCLUSIVE
Google Excludes $5.8 Billion Liability From Its Balance Sheet
Advertising giant is understating its future lease obligations by 37.1%.
DUDIL EXCLUSIVE
Roku Pays Extra for Asset Worth Less Than Originally Estimated
​Our analysis also reveals a $600,000 discrepancy related to the cash portion of the deal as TV streaming platform offers less than forthcoming explanation.
DUDIL EXCLUSIVE
Flanigan’s Lease Accounting Trouble Revealed in Late Filing, Auditor Gets 30.5% Raise
Company provides little detail regarding new control deficiency related to problems identifying operating from finance leases.
Mitek Systems Misstates 2021 Financials, Auditor Issues Revenue Recognition Warning
Financial technology firm admits larger accounting errors are possible as auditor warns non-standard contracts could result in revenue recognition trouble.
Sally Beauty Inflates Key Sales Metric With New Calculation
Beauty retailer adds 120 basis points to new Comparable Sales metric and includes revenue once excluded from the calculation.
General Motors Excludes $215 Million Liability From Its Balance Sheet
Automaker is understating its future lease obligations by 15.6%.
Cimpress Overstates Profit 221%, Books $3.3M Gain on Facility It Sold for a Loss
Custom printer also has revenue recognition problems but calls its accounting errors immaterial.
Asana Understates Lease Liability by $91.5 Million
Work management platform uses an inflated discount rate, masking its true lease liabilities.
Intuit Stashes $166 Million Liability Off-Balance Sheet
Software firm uses an accounting loophole to make its balance sheet appear stronger than it is.
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