Financial Fine Print Uncovering a Company’s True Value phần 7 pot

... 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 ... The remaining 97 percent is financed and becomes an obligation for the company —albeit one that remains off its balance sheet. New rules issued by the Financial Accounting Standards Board (FAS...

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 Wil...

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

... 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, ... pharma- ceutical companies, and compare their 10-Ks because the accounting tends to be similar, making it easier to spot something unusual. c02.qxd 7/ 15/03 11:36 AM Page 28 Financ...

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 ... options argue that many businesses, particularly start-ups and high-tech companies, would not be able c05.qxd 7/ 15/03 10:03 AM Page 77 Financial Fine Print 86 Though the de...

Ngày tải lên: 10/08/2014, 11:20

... 19 97, such aggregate net amount was $30 ,79 8,000. That’s a lot of words to say that Adelphia was on the hook for about $31 million at the end of the company’s 19 97 fiscal year. What also stands ... 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...

Ngày tải lên: 10/08/2014, 11:20

... company’s financial partner— a bank or other financial institution—creates an SPE to own a piece of property, say a new headquarters building for a company. The company is required to make annual ... three pages and some unusually strong language to the damage he believes derivatives are causing to world financial markets. “Derivatives are financial weapons of mass destructi...

Ngày tải lên: 10/08/2014, 11:20

... 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 leaving the SEC in August ... in America,” notes former SEC Chairman Arthur Levitt. 12 That’s not the way things should be. We ought to be able to look at a company’s financial results and know that they haven’t been m...

Ngày tải lên: 10/08/2014, 11:20

... See also Financial Accounting Standards Board (FASB), pensions Financial Accounting Standards Board (FASB): options, 68, 76 , 78 79 , 84, 158 pensions, 103, 115, 122 related party transactions, 88–90, ... David, 110–111, 124 Index 192 bindex.qxd 7/ 15/03 10: 57 AM Page 192 bapp02.qxd 7/ 15/03 10:55 AM Page 174 FIN 46, see also Debt, off-balance sheet Financial Accounting Standard...

Ngày tải lên: 10/08/2014, 11:20

Ngày tải lên: 09/08/2014, 07:20