Financial Fine Print Uncovering a Company’s True Value phần 3 ppsx

... analysts, and accountants very clearly c 03. qxd 7/15/ 03 10:00 AM Page 39 Financial Fine Print 26 While Enron’s related party transactions footnote was by far the biggest warning sign, pros say that other ... are the company’s revenue recog- nition policies and depreciation rates, two items that can have a c02.qxd 7/15/ 03 11 :36 AM Page 30 Financial Fine Print 46 Given t...

Ngày tải lên: 10/08/2014, 11:20

... www.wiley.com. Library of Congress Cataloging-in-Publication Data Leder, Michelle. Financial fine print : uncovering a company’s true value / by Michelle Leder. p. cm. ISBN 0-471- 433 47-0 1. Corporations—Valuation. ... 7/15/ 03 9:56 AM Page ii flast.qxd 7/15/ 03 9:56 AM Page xiv Financial Fine Print Uncovering a Company’s True Value MICHELLE LEDER John Wiley...

Ngày tải lên: 10/08/2014, 11:20

... releases and financial reports need to maintain a healthy skepticism and accept no statement at face value, ” the Bear Stearns report warned. “Since [pro forma] earn- ings are almost always higher than ... charge. Rodgers has repeatedly advocated the creation of a pro forma accounting standards board, “chartered to make clear, consistent corrections to the GAAP statements.” 9 Financia...

Ngày tải lên: 10/08/2014, 11:20

... options may be giving too much of the com- pany away. R ED F LAG c05.qxd 7/15/ 03 10: 03 AM Page 74 Financial Fine Print 82 Almost all companies report two earnings per share numbers each quarter: basic ... dilution—pro forma $ 1 .39 $ 3. 69 $ 3. 99 The pro forma amounts that are disclosed in accordance with SFAS No. 1 23 reflect the portion of the estimated fair value of awards...

Ngày tải lên: 10/08/2014, 11:20

... 7/15/ 03 11 :39 AM Page 96 Financial Fine Print 104 actually declined. That make-believe gain shows up on the income statement and can make both net and operating income look better than they actually ... Expenses by Adelphia Income on from Charged to to Rigas Loans to Fiscal Year Ends Affiliates Affiliates Affiliates Affiliates 3/ 31/1997 $30 .8 * $2.5 $2.6 $1.8 3/ 31/1998 $52 .3...

Ngày tải lên: 10/08/2014, 11:20

... by passing the Sarbanes-Oxley Act in July 2002, and FASB and the SEC each issued rules designed to deal with off-balance sheet transactions in January 20 03. For companies that are on a calendar ... off- balance sheet obligations can really wreak havoc. A 2,000-page report released in March 20 03 by a U.S. bankruptcy court exam- iner found that the company had created hundreds of off-b...

Ngày tải lên: 10/08/2014, 11:20

... off a company’s balance sheet. In a typical synthetic lease, a company’s financial partner— a bank or other financial institution—creates an SPE to own a piece of property, say a new headquarters ... theoreti- cally, the corporate tax rate is 35 percent, few companies actually c09.qxd 7/15/ 03 10:52 AM Page 142 Financial Fine Print 134 although presumably, as a...

Ngày tải lên: 10/08/2014, 11:20

... began teaching at Colorado State University’s CHAPTER 10 Changing the World c10.qxd 7/15/ 03 10: 53 AM Page 1 53 Financial Fine Print 160 corporations they’re seeking to change. Davis, a septuagenarian ... real lack of honesty plaguing corporate America. “There’s still a clear mentality in corporate America that they don’t want to make any changes,” says Turner, who after leavin...

Ngày tải lên: 10/08/2014, 11:20

... in Wonderland, 1 03 Airlines, 111, 120–1 23. See also specific airlines Altria Corp., 150 Amazon.com, 54 American Electronics Association, 78 AMR Corp., 111 Analysts, see Stock market, analysts Analysts ... See also Financial Accounting Standards Board (FASB), pensions Financial Accounting Standards Board (FASB): options, 68, 76, 78–79, 84, 158 pensions, 1 03, 115, 122 related party tra...

Ngày tải lên: 10/08/2014, 11:20

... Teaching aids. - Make a plan. - Prepare a book, a tape, a cassette player and a picture. IV/ Teaching produces. Stages Teacher’s activities Students’ activities 1, Warm up @ Talk ... at the picture and answer the question. Guess what is wrong with Ba. Talk about the causes(can talk by Vietnamese ) Listen to the tape to answer why Ba had a stomachache....

Ngày tải lên: 03/07/2014, 17:20