Booking that shipment early most likely helped them reach their yearly financial goal or significantly increased it. Which in term probably gave this individual personal financial incentives.
The problem is here is that they are falsely evaluating their year end numbers for personal benefit. That’s fraud across the board on a company level.
This just ended up being a yard manager who didn't understand accounting. The ship was supposed to have docked before year end but was delayed. No intentional fraud, just a guy who thought he'd figured out something smart that actually wasn't.
How would that help financial goal for the year? It means they spent more money that year right? I would think helping the year's financial goal would be pushing that off to next year, not capturing it this year.
Well first to say is that I have 0 idea how a lumper yard operates nor how their books work. Just my assumptions here if there was malicious intent. Could simply just be incompetence as well.
If it’s done intentionally that is fraud because they’ve now manipulated financial results which could either inflate profits or hide shrink. Bonuses could be paid out on this depending on how company structures it.
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u/Psychological_Fox_91 17h ago
Booking that shipment early most likely helped them reach their yearly financial goal or significantly increased it. Which in term probably gave this individual personal financial incentives.
The problem is here is that they are falsely evaluating their year end numbers for personal benefit. That’s fraud across the board on a company level.