What Is Financial Window Dressing?

Financial managers can do certain things to increase or decrease net income that's recorded in the year. This is called profit smoothing, income smoothing or just plain old window dressing.

This isn't the same as fraud, or Just cooking the books.

Most profit smoothing involves pushing some amount of revenue and/or expenses into other years than they would normally be recorded.

 A common technique for profit smoothing is to delay normal maintenance and repairs. This is referred to as deferred maintenance.

Many routine and recurring maintenance costs required for autos, trucks, machines, equipment and buildings can be delayed, or deferred until later.

A business that spends a significant amount of money for employee training and development may delay these programs until the next year so the expense in the current year is lower.

A company can cut back on its current year's outlays for market research and product development.

A business can ease up on its rules regarding when slow-paying customers are written off to expense as bad debts.




The business can put off recording some of its bad debts expense until the next reporting year.

A fixed asset that is not being actively used may have very little current or future value to a business.

Instead of writing off the undepreciated cost of the impaired asset as a loss in the current year, the business might delay the write-off until the next year.

You can see how manipulating the timing of certain expenses can make an impact on net income.

This isn't illegal although companies can go too far in massaging the numbers so that its financial statements are misleading.

For the most part though, profit smoothing isn't much more than robbing Peter to pay Paul. Accountants refer to these as compensatory effects.

The effects next year offset and cancel out the effects in the current year. Less expense this year is balanced by more expense the next year.

Future Opportunities In Building Your Teaching Career

Teachers, who doesn’t know what they do?  We remember them, loved them, hated them in some points of our lives and Many don't even want to Become One, speaking of Profession, but note that You are teacher even if it's just to your kids or people around you.

 Do you think you have the guts to be one Professionally? Teaching may not be among the most dangerous jobs in the world, but it can be demanding, challenging as well as rewarding.

According to surveys done 10 Years Back, there were about 5 million teachers in the United States Alone.

 There are different kinds of teachers, they work in different kinds of schools.

  There are public or government subsidized schools, parochial or religious schools, private schools and charter or specialized public schools. 

If you are interested on becoming a teacher which is very important but many are not interested , here are some fields that you may be interested in:




• Preschool and kindergarten- teachers would work with young children usually in ages 3 or 4.  Those who would like to teach this age group should be able to work with children with different knowledge and social skills. 

• Elementary school- teachers who are teaching this would handle a class for the whole school year.  They should be able to teach different subjects. There are elementary teachers that could specialize in a particular field or subject like art or music.

• Secondary school- teachers on this level would be comprised of middle and high school teachers.  They normally should be specialized in one or two subjects.

 They would teach their subjects to different classes in each day.  There are teachers who find teaching this age group very challenging since students would be undergoing their adolescent stage.

• Special education- there are students that have special needs and there are teachers who are educated and trained to handle these students.  Special education teachers can help those who have physical, emotional or cognitive difficulties and disabilities.

Some experts and  teachers say that in order to become one of the good teachers that influence their student’s lives, you are not just an educator and coach, you become psychologists, mind readers and even drill sergeants.

Dedication, of course, is important.  You would only get to be effective and talented teacher if you really love the profession that you have chosen.

If you think that you have what it takes to be a teacher, then you can start learning how to be one.  you can get your bachelor’s degree in college, there are specializations that you could choose from.

 If you planning to teach elementary then you would have learn or take  different courses that would prepare you to teach different subjects.

After graduating from college, some teachers would take continuing education.  It could be mandated by state law or could be done on their own will.

Aside from continuing education, there are also certification and licensing processes that new teachers should take so that they would be able to work.

Not only do you have to be academically prepared, you should also be emotionally prepared.  As a teacher, academic teaching is not the only that you do.

They would come to your for advice and guidance, and you should be prepared to help them in different matters.

Teachers are not only educators,  they do not just teach academic subjects and get done with it.  Teachers are coaches, they motivate and inspire students to strive better and achieve their goals.

Aside from teaching them to learn as much as they can inside the classroom, teachers should also encourage students to explore extracurricular activities.

 Not everything can be though inside the four corners of the room. Best Wishes From Me.