Hidden Financial Risk phần 10 ppsx

... 36–41 Risk, 41–43 Financial reporting risk premium, 47–48, 254 Financial risk, 3, 11, 34–49, 53, 96, 99 101 Financial structure, 34 Fire walls, 210 Fitch, 137 Fleet Boston, 142–143 Ford, 34–36, 110 111 Forecasts ... assets, 37–41, 69, 99 101 , 125, 157–158 Return on equity, 37–41, 69, 99 101 , 157–158 Rigas, John, 223 Risk, 11, 34. See also Financial risk Risk and diversifica...

Ngày tải lên: 14/08/2014, 05:20

... 15 Notes 2 Balance Sheet Woes 33 Investment Risks 34 Some Ratios That Index Financial Risk 34 Financial Leverage and its Effects 36 Stock Prices and Financial Leverage 41 Bankruptcy Prediction ... DEBT? Financial Leverage The theory of finance posits that expected returns are a function of risk. Risk itself is comprised of many different aspects, including business risk, inflati...

Ngày tải lên: 14/08/2014, 05:20

... Corporation 100 . Boca Research, Incorporated 101 . Boston Scientific Corporation 102 . Breed Technologies, Incorporated 103 . Cabletron Systems, Incorporated 104 . Canmax Incorporated 105 . Castelle ... obtain payment for risk taking, they also require recompense for the additional risks they incur because managers might lie in the financial reports. This financial reporting ris...

Ngày tải lên: 14/08/2014, 05:20

... the dollar received today into a sav- HIDING FINANCIAL RISK 74 04 Ketz Chap 5/21/03 10: 18 AM Page 74 Part II Hiding Financial Risk 03 Ketz Chap 5/21/03 10: 15 AM Page 51 CHAPTER THREE How to Hide ... sheet; so financial ratios computed on these numbers properly reveal the hidden financial risk. For our hypo- thetical illustration, the results are: Equity Consolidated Consoli...

Ngày tải lên: 14/08/2014, 05:20

... way to disentangle the numbers HIDING FINANCIAL RISK 104 05 Ketz Chap 5/21/03 10: 22 AM Page 104 How to Hide Debt with Lease Accounting 99 place, investors and financial analysts would not have to ... the first installment of HIDING FINANCIAL RISK 80 04 Ketz Chap 5/21/03 10: 18 AM Page 80 HIDING FINANCIAL RISK 96 flows. Delta provides these data in footnote 10 of its 200...

Ngày tải lên: 14/08/2014, 05:20

... Wheeler-Dealer has made a financial commitment, must it report a lease obligation on its financial statements? 06 Ketz Chap 5/21/03 10: 25 AM Page 139 HIDING FINANCIAL RISK 124 9. K. Chen, “Unfunded ... important steps in understanding company performance. 05 Ketz Chap 5/21/03 10: 22 AM Page 119 HIDING FINANCIAL RISK 110 Exhibit 5.3 (Continued) The annual increase in cost of po...

Ngày tải lên: 14/08/2014, 05:20

... property is sold and the proceeds on the sale are HIDING FINANCIAL RISK 146 06 Ketz Chap 5/21/03 10: 25 AM Page 146 care about reporting their financial statements accurately, directors should urge ... 2001 Reported Adjusted Reported Adjusted Return on Assets .050 . 010 (.028) (.076) Return on Equity .066 .013 (.037) ( .100 ) Return on Sales .100 .020 (.045) (.121) Today the issue is...

Ngày tải lên: 14/08/2014, 05:20

... unacceptable risk of bias with respect to the quality or context of information that is the subject of an audit engagement.” Readers learn later that the unacceptable risk of bias is the unacceptable risk ... independence. The risks discussed in the document seemingly are the risks of litigation. There is no mention of what investors and creditors might lose from an audit failure, or th...

Ngày tải lên: 14/08/2014, 05:20

... functions on the auditor’s independence. FAILURES THAT LED TO DECEPTIONS 210 08APPENDIX Ketz 5/21/03 10: 36 AM Page 210 tee members never asked Skilling a single hard question, such as how anyone ... outsiders contributed at least 10 percent of the capital to the SPE and that capital is at risk. The advantage of that proposal, notwithstanding the arbitrariness of the 10 percent thres...

Ngày tải lên: 14/08/2014, 05:20

... THAT LED TO DECEPTIONS 234 10 Ketz Chap 5/21/03 10: 38 AM Page 234 10 Ketz Chap 5/21/03 10: 38 AM Page 250 Part IV Making Financial Reports Credible 11 Ketz Chap 5/21/03 10: 40 AM Page 251 officials ... finance. Failure of Investors 245 Exhibit 10. 4 Effect of Diversification on Risk Risk Total Risk Systematic Ris k Number of Securities in Portfolio Exhibit 10. 5 Suggestions f...

Ngày tải lên: 14/08/2014, 05:20