Voodoo Accounting
Any form of accounting that does not follow principles of conservatism. While there are many methods by which financial statements can be fudged, it always comes down to inflating revenue or hiding expenses. Examples of accounting shenanigans include the big bath, cookie jar accounting and improper recognition of revenue.
Investopedia Commentary
Any method that boosts profitability through accounting tricks eventually catches up with the company. As soon as it does "poof", past profits disappear like magic. (Hence the name "voodoo accounting").
Related Links
Cooking The Books 101
Off-Balance-Sheet Entities: The Good, The Bad And The Ugly
See also: Accounting, Big Bath, Cook the Books, Cookie Jar Accounting, Restatement