In just over a month’s time investors will be bombarded with profit results announcements from listed companies for the financial year ending in June. In the financial press and from the research analysts in the investment banks there is rarely much critical analysis of the figures presented due to the vast number of companies required to report their results in a four week period. Company management teams are always under pressure to deliver results in line or above market expectations or face the negative share price reactions. This gives management, in particular, the chief financial officer (CFO), strong incentives to present the most positive picture possible of a company’s financial health. We're going to look at what a company can do to dress up their financial results and what tricks to look for when Australian corporates release their June profit results. Not necessarily the most exciting topic but something fundamental to think about as the ASX200 oscillates wildly post-Brexit!