The financial numbers game detecting creative accounting practices phần 4 ppt

... §13(b)(2)(B) (19 34) . 39. Ibid., Rule 12b-20 (19 34) . 40 . Ibid., Rule 13b2-1 (19 34) . 41 . Ibid., Rule 13a-1 (19 34) . 42 . Ibid., Rule 13a-13 (19 34) . 43 . Ibid., §13(b)(2)(B)ii (19 34) . 44 . SFAS No. 133, Accounting ... 1998). 45 . Accounting Principles Board Opinion No. 2, Accounting for the “Investment Credit” (New York: Accounting Principles Board, 1962). 46 . APB...

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 ... disclosures provided by the company, net income in 1998 of $45 9, 842 ,000 under its former policy of immediate recognition of up-front membership fees would be reduced to $44 4...

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... 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 ... plunged 40 % 15 • Given the various creative accounting practices that can be used to play the financial numbers game, a classification scheme was devised...

Ngày tải lên: 14/08/2014, 12:21

... 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 ... June 2001). 44 . Cisco Systems, Inc., annual report, July 1999, p. 41 . 45 . MCI WorldCom, Inc., Form 8-K report to the Securities and Exchange Commission, Sep- tembe...

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... five account- ing practices to control their reported financial results and position. The first three of these accounting practices, big bath charges, creative acquisition accounting, and cookie jar ... of the debtor and, by so doing, to increase the likelihood of being repaid. Financial Numbers Game The use of creative accounting practices to alter a financial...

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... the increase in paid-in capital. Thus, the net effect of the issuance of the warrants was no change in paid-in capital. However, in future periods, the $40 0, 246 ,45 8, adjusted for changes in the ... acquisition costs equal to the difference between the fair value of the Company’s common stock on the date the warrants are issued and the exercise price of the warran...

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... $3,190,755 $4, 2 64, 207 $3,203,5 24 $3 ,47 8,017 Gross profit on sales 841 ,275 1,156,000 872,659 930,979 Net earnings 14, 550 52, 349 58,818 56,608 Net LIFO charge (credit) 2 ,44 4 2 ,44 4 1,833 (4, 030) Source: ... Team-Fly ® 240 On some occasions, companies that play the financial numbers game will overstate the value of assets received for the issue of stock. While bypa...

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... net income, the financial numbers game can involve the creative movement of items between income statement classifications. As the focus of users has moved away from the bottom line, these alternative ... statement is the premier playground for those who engage in the financial numbers game. The goal of this chapter has been to outline the key features of the GA...

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... 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 game could be played by creative classifi- cations ... our results. 42 The Amazon.Com pro-forma measures are not showcased in the 10-K report, for the year ending December 31, 2000, to the extent that th...

Ngày tải lên: 14/08/2014, 12:21

... Team-Fly ® 385 Financial numbers game adjustment of financial statements, 44 48 common labels for, 3 defined, 16, 52, 87 earnings management distinguished, 30, 58 generally, 1– 14, 49 , 50 glossary, ... it is recommended that the analyst review carefully the ratios outlined in Chap- ter 8 and consider the implications for creative accounting practices detailed there....

Ngày tải lên: 14/08/2014, 12:21