Financial Fine Print Uncovering a Company’s True Value phần 9 pptx

... 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

... 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 ... about a company’s real financial health. Details about many of the big corporate scandals that have domi- nated headlines in recent years and which have caused many inv...

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, ... of the 199 8 and 199 9 10-Ks would have seen that this was new information and, at that point, could have made a decision based on their own investment needs as to whether this was...

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 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 ... these transactions, including “related party transactions,” “related parties,” “certain transactions,” and “cer- tain relationships,” to name a few. Also be sure to look for loan gua...

Ngày tải lên: 10/08/2014, 11:20

... 199 7, such aggregate net amount was $30, 798 ,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 199 7 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 th...

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

... 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

... 86, 88 90 bigger deals, 90 91 defined, 85–86, 88 90 at Enron, xi–xii, 24–25, 90 91 footnotes, 86, 158 at HealthSouth, 88, 99 , 156 proxy statements, in, 86–87, 89 at Rite Aid, 97 99 self-dealing, 91 92 , 156–157 at ... also Financial Accounting Standards Board (FASB), pensions Financial Accounting Standards Board (FASB): options, 68, 76, 78– 79, 84, 158 pensions, 103, 115, 122...

Ngày tải lên: 10/08/2014, 11:20

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Ngày tải lên: 09/08/2014, 12:21