assainissement du bilan ou nettoyage du bilan big bath

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Language pair:French to English
Definition / notes:A business strategy with which a company manipulates its income statement to make poor results look even worse. It is often implemented in a bad year to artificially enhance next year's earnings which would result in a larger bonus for executives. New CEOs sometimes do this so they can blame the company's poor performance on the previous CEO and take credit for the next year's improvements.
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