👉 Overclaim is a concept in accounting that refers to an error or misstatement made by a company that is not reflected in its financial statements. This can happen due to a variety of reasons, such as a mistake in calculation, a misunderstanding of the financial statement's interpretation, or even a deliberate act of fraud. Overclaims are often seen as misleading and can lead to inaccurate financial reporting, which can have serious consequences for investors and creditors.
