noun
fictitious assets
Accounting term for assets that appear on financial statements but lack real economic value, often due to fraudulent reporting or creative accounting.
その会社は架空資産を計上して粉飾決算を行っていた。
The company recorded fictitious assets and engaged in window-dressing of its accounts.
Refers to the act of window-dressing financial statements, which often involves recording fictitious assets. 架空資産 is the asset itself, while 粉飾決算 is the broader fraudulent practice.
Compound of 架空 (fictitious, imaginary) and 資産 (assets). The term is a direct calque from English 'fictitious assets' used in accounting contexts.