The financial numbers game detecting creative accounting practices phần 3 docx
The financial numbers game detecting creative accounting practices phần 3 docx
... 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 ... examine the workings of the Division of
Enforcement, including the penalties available to it in the event of noncompliance.
Securities Acts
Collectively, the Secu...
The financial numbers game detecting creative accounting practices phần 1 pps
... Creative Accounting Practices 37 0
Checklist for Using Operating Cash Flow to Detect Creative Accounting
Practices 37 3
Summary 37 3
Glossary 37 5
Notes 37 7
Subject Index 37 9
Company Index 39 1
Contents
TEAMFLY
... those who seek to play this
financial numbers game.
The Financial Numbers Game: Detecting Creative Accounting Practices was written,
first...
The financial numbers game detecting creative accounting practices phần 2 pps
... million.
Creative Classifications within the Financial Statements
In some instances, the financial numbers game is played in the manner in which amounts
are presented in financial statements themselves ... 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 nee...
The financial numbers game detecting creative accounting practices phần 4 ppt
... of 1 934 , § 13 (1 934 ).
35 . The URL is http:/www.sec.gov/. There is a link for the Enforcement Division.
36 . Securities Exchange Act of 1 934 , § 13( a) (1 934 ).
37 . Ibid., § 13( b)(2)(A) (1 934 ).
38 . Ibid., ... § 13( b)(2)(B) (1 934 ).
39 . Ibid., Rule 12b-20 (1 934 ).
40. Ibid., Rule 13b2-1 (1 934 ).
41. Ibid., Rule 13a-1 (1 934 ).
42. Ibid., Rule 13a- 13 (1 934 ).
43. I...
The financial numbers game detecting creative accounting practices phần 5 pptx
... 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 ... this 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...
The financial numbers game detecting creative accounting practices phần 6 ppsx
... its machinery and equipment by
$33 , 834 ,000 ($ 135 ,33 7,000 divided by 4, assuming the straight-line method and no
residual value). If the company were to extend the average useful lives of its ... 23, 412
Charges to the reserve
and assets written off (10,217) — (1 ,32 1) (2,197) ( 13, 735 )
Balance at June 28, 1998 — 3, 200 3, 852 2,625 9,677
Charges to the reserve — (927) (...
The financial numbers game detecting creative accounting practices phần 7 doc
... occasions, companies that play the financial numbers game will overstate
the value of assets received for the issue of stock. While bypassing the income statement,
the net effect is still an increase ... $4 ,35 0 $4,919 $5,782 $6,519 $6,748
Percent increase from — 13. 1% 17.5% 12.7% 3. 5%
prior quarter
Cost of goods sold $1, 536 $1,748 $2,098 $2 ,37 8 $2,581
Inventory $695 $8...
The financial numbers game detecting creative accounting practices phần 8 doc
... income $1 23, 729 $118,720 $ 136 ,31 7
Interest expense (2 93, 220) (32 6,207) (37 7,404)
Net gains on marketable securities 36 ,544 101 ,31 9 10,1 03
Equity in earnings (losses) of affiliates 20 ,36 4 (4,2 73) 88,206
Other ... disposition and termination of 4,152 12,290 3, 830
operations
Foreign currency transaction losses 15,580 11,7 73 3 ,33 3
Miscellaneous 3, 199 1,815 4,5 83
———–...
The financial numbers game detecting creative accounting practices phần 9 doc
... Corporate Information on Public Companies Filing with the SEC (Bethesda, MD:
Disclosure, Inc., June 2000).
33 3
Financial Reporting of the AICPA.
37
The other major nonrecurring item in Cooper’s
income ... computation of these pro-forma
measures is considered along with their motivation, characterization, and disclosure.
Their role in the financial numbers game is also explo...
The financial numbers game detecting creative accounting practices phần 10 ppsx
... 15, 37 6
Earnings
accrual based, 34 7
adjusted or sustainable
defined, 88, 34 0, 34 1
generally, 32 9, 33 0, 33 9, 34 0
interim pro-forma earnings releases, 33 6 39
nonrecurring classification, 33 4, 33 6
nonrecurring ... EBITDA, 34 0
financial covenants based on, 79, 32 4, 32 5
generally, 76, 79, 31 9, 33 9
income statement creativity and, 32 5
interfirm comparability, la...