Window dressing refers to the process of deliberately presenting a better picture of the company than is the case, by ‘dressing up’ the accounts. Ways in which companies might ‘window dress’ their accounts are summarised below, some of which are illegal, some of which represent a broad interpretation of accounting rules: Falsifying dates of costs and revenue; Brand valuations (boosting intangible fixed assets; Sale and leaseback shortly before the balance sheet date to boost liquidity; Manipulating working capital items; Temporarily suppressing gearing.