Most companies keep some skeletons in the closet and times like this are opportunity for CFOs to get rid of them hidden in quarterly report. This is one in 10

Most companies keep some skeletons in the closet and times like this are opportunity for CFOs to get rid of them hidden in quarterly report. This is one in 10 years chance to reprice failed aqusitions, investments went bad, mismanaged opportunities etc. And blame unpredictable, external circumstances. If we are to show loss on a quarterly report let it be large one-time figure. Heck we can even qualify for some bailout money.