Definition: Overreckoning is a concept in accounting and finance that refers to an error or misinterpretation of financial information, which can have significant consequences for investors, creditors, and other stakeholders. It occurs when individuals or entities make incorrect assumptions about the true value of assets or liabilities, resulting in overestimating or underestimating the amount of money they should be owed based on their current understanding of the situation. Overreckoning can affect a company's financial statements by misinterpreting information that is not