The financial numbers game detecting creative accounting practices phần 2 pps

... up after the financial numbers game. As seen in the exhibit, the appropriate adjustment depends on whether a change in accounting estimate or principle is needed or whether prior-year financial statements ... amortized over the shorter of the related contract life or the term of the license or permit. 52 The company capitalized these costs as opposed to expensing th...

Ngày tải lên: 14/08/2014, 12:21

... those who seek to play this financial numbers game. The Financial Numbers Game: Detecting Creative Accounting Practices was written, first and foremost, to help readers of financial statements avoid ... 35,645 $ 36 ,24 8 Goods in process 28 ,881 32, 730 30,768 Raw materials 11,879 20 ,676 13 ,20 0 Supplies (at average cost) 42, 322 42, 907 39,797 ———– ———– ———– 126 ,6...

Ngày tải lên: 14/08/2014, 12:21

... 23 ,4 12 Charges to the reserve and assets written off (10 ,21 7) — (1, 321 ) (2, 197) (13,735) Balance at June 28 , 1998 — 3 ,20 0 3,8 52 2, 625 9,677 Charges to the reserve — ( 927 ) (5,039) (2, 111) (8,077) Reserve ... at the end of fiscal years 1998, 1999, and 20 00: Contractual Obligations under Fixed Canceled Assets Leases Severance Other Total Restructuring charge $ 10 ,21...

Ngày tải lên: 14/08/2014, 12:21

... 23 1 detecting, 21 4 20 amortizing capitalized costs amortization periods, discretion in, 22 1, 22 2 extended amortization periods, 51, 22 1, 22 6 22 8, 23 2 generally, 22 0, 22 1 impairment losses, 22 2 24 restructuring ... 22 2 24 restructuring charges, 22 4 26 checklist for detecting, 22 9, 23 0 cost capitalization aggressive, 21 3, 21 4, 23 1 allocating costs, 20 3...

Ngày tải lên: 14/08/2014, 12:21

... 12, 20 00, pp. C1–C2. 51. Ibid., July 14, 20 00, p. A2. 52. Ibid., August 7, 20 00, pp. C1–C2. 53. BEA Systems, Inc., annual report, January 20 00, p. 39. 54. The Wall Street Journal, July 19, 20 00, ... five account- ing practices to control their reported financial results and position. The first three of these accounting practices, big bath charges, creative acquisition...

Ngày tải lên: 14/08/2014, 12:21

... 5. The speech is available at: www.sec.gov/news/speeches/ spch 220 .txt. The SEC Responds 125 27 . Research data collected by Z. Deng and B. Lev, as reported in The Wall Street Journal, March 22 , ... 1998). 45. Accounting Principles Board Opinion No. 2, Accounting for the “Investment Credit” (New York: Accounting Principles Board, 19 62) . 46. APB Opinion No. 4 (Amending No...

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 ... 60-unit order. The sale comprised 28 % of the company’s revenue for the quarter. Bill-and-hold accounting treatment was used as the goods were not shipped at the time...

Ngày tải lên: 14/08/2014, 12:21

... Related Statistics: Cisco Systems, Inc., Quarters Ending January 29 , 20 00, April 29 , 20 00, July 29 , 20 00, October 28 , 20 00, and January 27 , 20 01 (millions of dollars, except percentages and inventory ... sales $3,190,755 $4 ,26 4 ,20 7 $3 ,20 3, 524 $3,478,017 Gross profit on sales 841 ,27 5 1,156,000 8 72, 659 930,979 Net earnings 14,550 52, 349 58,818 56,608 Net LIFO cha...

Ngày tải lên: 14/08/2014, 12:21

... $136,317 Interest expense (29 3 ,22 0) ( 326 ,20 7) (377,404) Net gains on marketable securities 36,544 101,319 10,103 Equity in earnings (losses) of affiliates 20 ,364 (4 ,27 3) 88 ,20 6 Other 2, 327 (680) 5,798 ———–— ... item. The ADM “Other expense” note is presented in Exhibit 9.13. Given the size of the numbers in the ADM income statement—year 20 00 net income of $301 millio...

Ngày tải lên: 14/08/2014, 12:21

... our results. 42 The Amazon.Com pro-forma measures are not showcased in the 10-K report, for the year ending December 31, 20 00, to the extent that they are in the 20 01 interim earnings releases. The high ... management is running the shop. 4 The previous chapter laid out the GAAP requirements surrounding the income statement and also outlined how the financial nu...

Ngày tải lên: 14/08/2014, 12:21