The financial numbers game detecting creative accounting practices phần 1 pps

... falling 15 % and revived Wall Street’s questions about the company’s performance. 11 Every one of the above examples entails, in one form or another, participation in the financial numbers game. The game ... those who seek to play this financial numbers game. The Financial Numbers Game: Detecting Creative Accounting Practices was written, first and foremo...

Ngày tải lên: 14/08/2014, 12:21

... February 1, 19 96). 65. California Micro Devices Corp. 10 -K annual report to the Securities and Exchange Com- mission, March 19 96, p. 13 . 66. The Wall Street Journal, August 13 , 19 98, p. A1. How the Game ... $15 3 Nov. 19 98 $94 Selsius Systems, Inc. $13 4 Nov. 19 98 $92 PipeLinks, Inc. $11 8 Dec. 19 98 $99 Amteva Technologies, Inc. $15 9 June 19 99 $ 81 Source: Cisco...

Ngày tải lên: 14/08/2014, 12:21

... 2000). 9. The Wall Street Journal, May 27, 19 98, p. A10. 10 . Ibid., December 23, 19 98, p. C1. 11 . Ibid., August 22, 2000, p. B 11. 12 . Ibid., January 6, 2000, A1. 13 . Ibid., January 30, 19 97, p. ... Severance Other Total Restructuring charge $ 10 , 217 $ 3,200 $ 5 ,17 3 $ 4,822 $ 23, 412 Charges to the reserve and assets written off (10 , 217 ) — (1, 3 21) (2 ,19 7) (13 ,...

Ngày tải lên: 14/08/2014, 12:21

... 51 earnings management cases, 62, 63 enforcement activities, 68, 10 1–3 antifraud provisions, 11 2 14 criminal prosecution, 11 6, 11 7 examples, 11 4, 11 5 financial reporting and disclosure, 10 9 11 GAAP, ... of, 11 1, 11 2 generally, 10 9 penalties, 11 6 19 Securities Acts, provisions of, 10 8, 10 9 fraudulent financial reporting enforcement, 10 1, 10 2 investigations...

Ngày tải lên: 14/08/2014, 12:21

... corporations with the same brush, unfairly so.” 30 As another member of the FEI noted, The SEC shouldn’t punish the whole financial com- munity for the sins of a few.” 31 Another agrees, stating “They’re ... at the expense of shareholders. Further, if the earnings management activities are abusive, then there may be a material misstatement of financial perfor- mance. Others...

Ngày tải lên: 14/08/2014, 12:21

... 13 (b)(2)(B) (19 34). 39. Ibid., Rule 12 b-20 (19 34). 40. Ibid., Rule 13 b2 -1 (19 34). 41. Ibid., Rule 13 a -1 (19 34). 42. Ibid., Rule 13 a -13 (19 34). 43. Ibid., 13 (b)(2)(B)ii (19 34). 44. SFAS No. 13 3, ... Securities Act of 19 33 and Sections 10 (b), 13 (a), 13 (b)(2)(A), and 13 (b)(2)(B) and Rules 10 b-5, 12 b-20, 13 a -1, and 13 a -13 of the 19 34 Act. At the t...

Ngày tải lên: 14/08/2014, 12:21

... receive on the loans above the amounts funded on the loans over (2) the present value of the interest they had agreed to pay the buyers of the loan-backed securities. When properly executed, there ... sale. 39 Compounding the problem, however, was the fact that, based on our reading of the company’s 10 -K annual report filing with the SEC for the year ended March 31,...

Ngày tải lên: 14/08/2014, 12:21

... 12 1, Accounting for the Impairment of Long-Lived Assets (Norwalk, CT: Financial Accounting Standards Board, March 19 95). 61. The Wall Street Journal, September 30, 19 96, p. B5 and May 18 , 19 98, ... October 1, 19 98, from the category “available for sale” to “held to maturity.” The related unrealized gain of $1. 1 billion as of October 1, 19 98, on these securities...

Ngày tải lên: 14/08/2014, 12:21

... 5,769 10 ,070 15 ,352 ———– ———– ———– Operating income 907 1, 780 744 Gain on sale of Monroc, Inc. stock 2 ,10 2 — — Gain on land sale 827 — — Interest income 18 1 17 3 60 Other income 11 4 15 3 2 21 Interest ... December 31, 19 98, 19 99, and 2000 (thousands of dollars) 19 98 19 99 2000 Revenues: Oil and gas sales $35,624 $37 ,14 0 $56, 310 Interest and other 2,094 1, 853 1, 76...

Ngày tải lên: 14/08/2014, 12:21

... for the year ending December 31, 2000, to the extent that they are in the 20 01 interim earnings releases. The high profile of the pro-forma results in the earnings release may be due to the fact ... management is running the shop. 4 The previous chapter laid out the GAAP requirements surrounding the income statement and also outlined how the financial numbers ga...

Ngày tải lên: 14/08/2014, 12:21