The financial numbers game detecting creative accounting practices phần 8 doc

... net income, the financial numbers game can involve the creative movement of items between income statement classifications.As the focus of users has moved away from the bottom line, these alternative ... statement is the premier playground for those who engage in the financial numbers game. The goal of this chapter has been to outline the key features of the GAAP-basis income statement. Then, based ... nonrecur-ring—items offset each other, then the absence of a line-item change will reduce the like-lihood of a search for the composition of the line item. The other income and expense note of The Sherwin-Williams...

The financial numbers game detecting creative accounting practices phần 3 docx

... five account-ing practices to control their reported financial results and position. The first three ofthese accounting practices, big bath charges, creative acquisition accounting, and cookiejar ... of the debtor and, by so doing, to increase the likelihood of being repaid. Financial Numbers Game The use of creative accounting practices to alter a financial state-ment reader’s impression ... corporations with the same brush, unfairly so.”30Asanother member of the FEI noted, The SEC shouldn’t punish the whole financial com-munity for the sins of a few.”31Another agrees, stating “They’re...

The financial numbers game detecting creative accounting practices phần 7 doc

... occasions, companies that play the financial numbers game will overstate the value of assets received for the issue of stock. While bypassing the income statement, the net effect is still an increase ... ’01Revenue $4,350 $4,919 $5, 782 $6,519 $6,7 48 Percent increase from — 13.1% 17.5% 12.7% 3.5%prior quarterCost of goods sold $1,536 $1,7 48 $2,0 98 $2,3 78 $2, 581 Inventory $695 $87 8 $1,232 $1,956 $2,533Percent ... income over the remaining term of the securities. 48 The transfer will permit the recognition in income of unrealized investment gains total-ing $1.1 billion over the holding periods of the investments....

The financial numbers game detecting creative accounting practices phần 9 doc

... managementis running the shop.4 The previous chapter laid out the GAAP requirements surrounding the income statementand also outlined how the financial numbers game could be played by creative classifi-cations ... income of $1 18. 1million, or diluted earnings per share of $2. 28. Excluding the impact of the after-tax gain on the sale of the cardiopulmonary business of $0.12 and the after-tax impact of the fourth ... million. The after-tax gain was recorded in the first quarterof fiscal 19 98. 13 The company’s income statement reported the gain on sale as a pretax item in the amount of $7 ,80 5,000. The statement...

The financial numbers game detecting creative accounting practices phần 1 pps

... those who seek to play this financial numbers game. The Financial Numbers Game: Detecting Creative Accounting Practices was written,first and foremost, to help readers of financial statements avoid ... 40%15• Given the various creative accounting practices that can be used to play the financial numbers game, a classification scheme was devised to facilitate their discovery. The scheme has ... currently. Creative Accounting Practices Any and all steps used to play the financial numbers game, in-cluding the aggressive choice and application of accounting principles, both within and beyondthe...

The financial numbers game detecting creative accounting practices phần 2 pps

... up after the financial numbers game. As seen in the exhibit, the appropriate adjustment depends on whether achange in accounting estimate or principle is needed or whether prior-year financial statements ... by the accounting practices at CUC.69CLEANING UP AFTER THE GAME At some point, after reported financial results and position have been pushed to the boundaries of GAAP, or beyond, by either the ... addition, the fourth-quarter’s earnings for19 98 had been understated by $2 million. Creative Classifications within the Financial StatementsIn some instances, the financial numbers game is played...

The financial numbers game detecting creative accounting practices phần 4 ppt

... MulfordCallaway Professor of Accounting Invesco Professor of Accounting Source: Financial Numbers Game Survey139potentially fraudulent actions if they are presented to them. Whether such actions actu-ally ... of the last day of the quarter, and thus some or all of the unfinished product was packaged and shipped after the close of the fiscal quarter.56 The SEC maintained that the manner in which these ... of cre-ative accounting practices, whether they result in allegations of fraud or not.SUMMARY The SEC has not been idle as numerous examples of creative accounting practices, sometimes entailing...

The financial numbers game detecting creative accounting practices phần 5 pptx

... receive on the loans above the amounts funded on the loans over (2) the present value of the interest they had agreed topay the buyers of the loan-backed securities. When properly executed, there ... 60-unit order. The sale comprised 28% of the company’s revenue for the quarter. Bill-and-hold accounting treatment was used as the goods were not shipped at the time of recognition. The bill-and-hold ... to its investors. At the time of sale, the company would use gain-on-sale accounting. It would record as profit the excess of (1) the sales price and the presentvalue of the estimated interest...

The financial numbers game detecting creative accounting practices phần 6 ppsx

... portion 60,661 87 ,82 8———— ————Total membership commission advances 81 ,88 5 120, 588 Stockholders’ equity 101,304 114,464Source: Pre-Paid Legal Services, Inc., Form 10-K annual report to the Securities ... acquisition costs equal to the differencebetween the fair value of the Company’s common stock on the date the warrants are issuedand the exercise price of the warrants of $0.01. The amount of deferred ... lingering on the books from the 1 986 merger of Burroughs Corp. and Sperry Corp.that created Unisys.4 The four examples identified in the opening quotes capture the essence of the potentialfor accounting...

The financial numbers game detecting creative accounting practices phần 10 ppsx

... cases, 66–71described, 86 , 122 Accounting changes accounting estimates, changes in, 288 –91 accounting principle, change in, 287 , 288 , 291,292categories of, generally, 287 cumulative effect of, ... reducing, 84 financial covenant violations, avoiding, 84 generally, 82 incentive compensation, maximizing, 83 , 84 proceeds from share issues, maximizing, 83 operational, defined, 87 purpose of, 84 , 85 research ... 64–66, 82 generally, 30, 49, 57, 58, 84 86 glossary, 86 88 as harmful or helpful, survey results, 151–56improper, 82 incentives forconditions and incentives, chart, 61generally, 60, 85 management,...

Xem thêm

Từ khóa: the financial sector in kenya finding the main idea game anatomy of the heart review game anatomy of the heart matching game anatomy of the human heart game the financial services sector in mauritius Báo cáo thực tập tại nhà thuốc tại Thành phố Hồ Chí Minh năm 2018 Nghiên cứu sự biến đổi một số cytokin ở bệnh nhân xơ cứng bì hệ thống chuyên đề điện xoay chiều theo dạng Nghiên cứu vật liệu biến hóa (metamaterials) hấp thụ sóng điện tử ở vùng tần số THz Giáo án Sinh học 11 bài 13: Thực hành phát hiện diệp lục và carôtenôit Giáo án Sinh học 11 bài 13: Thực hành phát hiện diệp lục và carôtenôit Quản lý hoạt động học tập của học sinh theo hướng phát triển kỹ năng học tập hợp tác tại các trường phổ thông dân tộc bán trú huyện ba chẽ, tỉnh quảng ninh Phát triển mạng lưới kinh doanh nước sạch tại công ty TNHH một thành viên kinh doanh nước sạch quảng ninh Phát hiện xâm nhập dựa trên thuật toán k means Nghiên cứu khả năng đo năng lượng điện bằng hệ thu thập dữ liệu 16 kênh DEWE 5000 Định tội danh từ thực tiễn huyện Cần Giuộc, tỉnh Long An (Luận văn thạc sĩ)Tổ chức và hoạt động của Phòng Tư pháp từ thực tiễn tỉnh Phú Thọ (Luận văn thạc sĩ)Tranh tụng tại phiên tòa hình sự sơ thẩm theo pháp luật tố tụng hình sự Việt Nam từ thực tiễn xét xử của các Tòa án quân sự Quân khu (Luận văn thạc sĩ)Giáo án Sinh học 11 bài 15: Tiêu hóa ở động vật Nguyên tắc phân hóa trách nhiệm hình sự đối với người dưới 18 tuổi phạm tội trong pháp luật hình sự Việt Nam (Luận văn thạc sĩ)Giáo án Sinh học 11 bài 14: Thực hành phát hiện hô hấp ở thực vật Giáo án Sinh học 11 bài 14: Thực hành phát hiện hô hấp ở thực vật BÀI HOÀN CHỈNH TỔNG QUAN VỀ MẠNG XÃ HỘI HIỆU QUẢ CỦA MÔ HÌNH XỬ LÝ BÙN HOẠT TÍNH BẰNG KIỀM MÔN TRUYỀN THÔNG MARKETING TÍCH HỢP