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Tesla whistleblower complaint points to accounting oddities, two sets of books
- appleiigs 7y agoI'm not an accountant, however, all the large corps I've worked at had 2 sets of books. The accounting group has its own set of books based on accounting rules. The tax group has another set based on tax laws and regulations. One difference I know about is depreciation/amortization. A made up example is: gov't gives tax incentive for certain investments by allowing the asset to depreciate over 3 years, but the accountants say the useful life is actually 5 years.
- AndrewBissell 7y agoYes, as some commenters point out in the thread, it's possible that there are benign explanations. It's Tesla's responses to his inquiries about the discrepancies and firing him which raise red flags IMO. In-house accounting software is also a rarity even at large corporations with two sets of books.