我今天从WSJ看来，Tesco是在折扣会计上的热水中。我的同事彼得·史密斯覆盖过这件花哨的英国（见Tesco profit warning - the supply chain bites back) and explained the rebate issue as follows:
The latest scandal, which saw an announcement yesterday that profits may have been overstated by £250 million in the recent half year results, has a real link with procurement and supply chain matters. The over-statement appears to relate to rebates from suppliers – for hitting a certain level of sales, or in support of promotional activity (“buy one get one free” for instance). Now Tesco must estimate halfway through the year how much these rebates will be worth at the end of the year. And as Tesco’s sales volumes have declined – mainly because of competitors’ success – then there must be a greater risk that the trigger levels for rebates will not be hit. So it may be that risk which was not reflected in the profit figures. Tesco may have been “booking” these promotional rebates based on historic precedent rather than on current volumes.
Tesco's auditor PricewaterhouseCoopers said in May that the company's booking of commercial income was a specific area of focus in its latest audit report. The booking of such income and costs is a gray area.
这件事是严重关切的 - 问题是物质，每个财务主管和控制器都应该紧张地运行折扣计划。这是在监管机构设定的时间来临时来到需要会计师事务所来识别负责审计的合作伙伴。审计公司正在与这一战斗，因为它一切都没有上行。
As a smart investor once told me, odds are there’s at least one Fortune 50 company who has cooked the books. I bring this up because most of us do not take the time to understand banks or corporates balance sheets. And most of the time, the people running the place and their accountants don’t either.
I wonder what the banks who put Buyer led SCF programs in are thinking about some of their programs.
Scary yes, reality also.
Discuss this: