In moving the loss from 2008 — when it actually occurred — to 2007, Société Générale has created a furor in accounting circles and raised questions about whether international accounting standards can be consistently applied in the many countries around the world that are converting to the standards. -- The New York Times, March 7, 2008
In related news, though I lost money playing video poker last week, I am revising my statements to show that the events occurred when I was a small boy, and the experience helped
me get through the second grade. Once I perfect the technique, I plan to send my losses even further into the past, so that my distant ancestors can pay them off in goats and stone knives.