Financial Fine Print Uncovering a Company’s True Value phần 5 doc

... options may be giving too much of the com- pany away. R ED F LAG c 05. 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 ... options accounting rule was misleading to average investors. In August alone, 57 companies—almost two a day— announced that they would take options accounting out of the c 05. q...

Ngày tải lên: 10/08/2014, 11:20

... the company. “We’re taking a lot harder look at management teams,” says that analyst. “The idea that assets and cash flows can win out in spite of poor management is no longer valid.” c06.qxd 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 th...

Ngày tải lên: 10/08/2014, 11:20

... 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 & Sons, Inc. ffirs.qxd 7/ 15/ 03 9 :56 AM Page iii In ... Key SEC Filings 1 65 Appendix B A Brief Walk through Qwest’s Fine Print 169 Notes 1 75 Index 183 ftoc.qxd 7/ 15/ 03 9 :56 AM Page x Financial Fine Print Unc...

Ngày tải lên: 10/08/2014, 11:20

... individual investors approach financial reports the way that Neuville does. Indeed, at least before the accounting scandals of 2001 and 2002, most of us were apt to take financial results at face value, ... 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 the growi...

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

... 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 2003. For companies that are on a calendar ... sheet obligations? Because they can mask a company’s true financial condition, making it look stronger than it really is. Pushing debt and other obligations off the balance sheet changes...

Ngày tải lên: 10/08/2014, 11:20

... an SPE. Doing this reduces debt and keeps the obligation off a company’s balance sheet. In a typical synthetic lease, a company’s financial partner— a bank or other financial institution—creates ... 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 parti...

Ngày tải lên: 10/08/2014, 11:20

... in a long line of upstart telecommunications companies until it purchased US APPENDIX B A Brief Walk through Qwest’s Fine Print bapp02.qxd 7/ 15/ 03 10 :55 AM Page 169 Financial Fine Print 152 What ... began teaching at Colorado State University’s CHAPTER 10 Changing the World c10.qxd 7/ 15/ 03 10 :53 AM Page 153 Financial Fine Print 160 corporations they’re seeking to c...

Ngày tải lên: 10/08/2014, 11:20

... 192 bapp02.qxd 7/ 15/ 03 10 :55 AM Page 174 FIN 46, see also Debt, off-balance sheet Financial Accounting Standard (FAS), 87. See also Financial Accounting Standards Board (FASB), pensions Financial ... W., 154 Cablevision Systems, 93 Capellas, Michael D., 102 Carcache, Bill, 110 Cardinal Health, 55 56 Carnival Corp., 89 Caterpillar Corp., 152 Cendant Corp., 33–34, 54 56 , 86–87 Ce...

Ngày tải lên: 10/08/2014, 11:20

... w0 h2" alt=""

Ngày tải lên: 22/07/2014, 04:21