The financial numbers game detecting creative accounting practices phần 5 pptx
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 topay the buyers of the loan-backed securities. When properly executed, there ... made in the chapter, based on the survey, include the fol-lowing:• Financial professionals are generally in agreement on when earnings managementcrosses the line between the exercise of the legitimate ... to its investors. At the time of sale, the company would use gain-on-sale accounting. It would record as profit the excess of (1) the sales price and the presentvalue of the estimated interest...
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The financial numbers game detecting creative accounting practices phần 1 pps
... 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 to facilitate their discovery. The scheme ... play the financial numbers game seek certain desired realoutcomes.REWARDS OF THE GAME Expected rewards earned by those who play the financial numbers game may be manyand varied. Often the desired...
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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 achange in accounting estimate or principle is needed or whether prior-year financial statements ... by the accounting practices at CUC.69CLEANING UP AFTER THE GAME At some point, after reported financial results and position have been pushed to the boundaries of GAAP, or beyond, by either the ... addition, the fourth-quarter’s earnings for1998 had been understated by $2 million. Creative Classifications within the Financial StatementsIn some instances, the financial numbers game is played...
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The financial numbers game detecting creative accounting practices phần 3 docx
... at the expense of shareholders. Further, if the earnings managementactivities are abusive, then there may be a material misstatement of financial perfor-mance. Others who rely on the firm’s financial ... five account-ing practices to control their reported financial results and position. The first three ofthese accounting practices, big bath charges, creative acquisition accounting, and cookiejar ... 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 state-ment reader’s impression...
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The financial numbers game detecting creative accounting practices phần 4 ppt
... andshipped after the close of the fiscal quarter.” 55 In the second transaction, the SEC noted:FastComm improperly recognized revenue of $57 9,000 during the quarter ended February 5, 1994, on two ... MulfordCallaway Professor of Accounting Invesco Professor of Accounting Source: Financial Numbers Game Survey139potentially fraudulent actions if they are presented to them. Whether such actions actu-ally ... 1999), para. 1. 55 . Ibid., p. 2. 56 . Ibid., p. 3. The SEC Responds148Representative examples of the items included in each of the categories in Exhibit 5. 9are provided in Exhibit 5. 10.Trend analysis...
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The financial numbers game detecting creative accounting practices phần 6 ppsx
... Inc.:Amortization LivesGoodwill 5 10 yearsOther Intangibles 5 10 years 57 From the annual report of LSI Logic Corp.:. . . the excess of the purchase price over the fair value of assets acquired ... acquisition costs equal to the differencebetween the fair value of the Company’s common stock on the date the warrants are issuedand the exercise price of the warrants of $0.01. The amount of deferred ... 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 $400,246, 458 , adjusted for changes in the...
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The financial numbers game detecting creative accounting practices phần 7 doc
... Mar. ’99 June ’99Net sales $3,190, 755 $4,264,207 $3,203 ,52 4 $3,478,017Gross profit on sales 841,2 75 1, 156 ,000 872, 659 930,979Net earnings 14 ,55 0 52 ,349 58 ,818 56 ,608Net LIFO charge (credit) 2,444 ... $4, 350 $4,919 $5, 782 $6 ,51 9 $6,748Percent increase from — 13.1% 17 .5% 12.7% 3 .5% prior quarterCost of goods sold $1 ,53 6 $1,748 $2,098 $2,378 $2 ,58 1Inventory $6 95 $878 $1,232 $1, 956 $2 ,53 3Percent ... 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...
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The financial numbers game detecting creative accounting practices phần 8 doc
... 16,727 17, 153 General and administrative 5, 2 85 4 ,57 5 4, 155 Interest 1,9 25 6,1 75 8,420Accelerated vesting and retirement benefits 5, 761 — —Impairment of oil and gas properties 43 ,50 0 — ————– ... 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 ... 2000Sales $ 25, 234 $42, 259 $58 ,320Cost of sales 18 ,55 8 30,409 42,224———– ———– ———–Gross profit 6,676 11, 850 16,096Selling, general and administrative expenses, net 5, 769 10,070 15, 352 ———– ———–...
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The financial numbers game detecting creative accounting practices phần 9 doc
... after nonrecurring items 6 25. 5 57 3.8 650 .2Interest expense, net 101.9 55 .2 100.3———— ———— ————Income before income taxes 52 3.6 51 8.6 54 9.9Income taxes 187.7 186.7 192 .5 ———— ———— ————Income ... managementis running the shop.4 The previous chapter laid out the GAAP requirements surrounding the income statementand also outlined how the financial numbers game could be played by creative classifi-cations ... 732.9Goodwill amortization 43.8 47.1 58 .5 ———— ———— ————Operating earnings before nonrecurring items 54 3.9 57 7 .5 650 .2Nonrecurring gains (1 35. 2) — —Nonrecurring charges 53 .6 3.7 ————— ———— ————Operating...
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The financial numbers game detecting creative accounting practices phần 10 ppsx
... methoddefined, 273investments and, 258 Equity securities creative accounting practices, 256 58 defined, 273generally, 255 realized gains and losses on sale, accounting for, 257 , 258 unrealized declines in ... 349 52 generally, 347operating cash flow, importance of, 352 , 354 glossary, 3 75 77operating cash flowcapitalized expenditures, 3 65 67discontinued operations and, 355 57 importance of, 352 , 354 income ... numbers game, 2Operating activitiescash flow from, 350 , 351 reported operating cash flow, problems withcapitalized expenditures, 3 65 67discontinued operations, 355 57 generally, 354 , 355 income...
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Từ khóa: chuyên đề điện xoay chiều theo dạngNghiên cứu tổ chức pha chế, đánh giá chất lượng thuốc tiêm truyền trong điều kiện dã ngoạiBiện pháp quản lý hoạt động dạy hát xoan trong trường trung học cơ sở huyện lâm thao, phú thọGiáo án Sinh học 11 bài 13: Thực hành phát hiện diệp lục và carôtenôitGiáo án Sinh học 11 bài 13: Thực hành phát hiện diệp lục và carôtenôitGiáo án Sinh học 11 bài 13: Thực hành phát hiện diệp lục và carôtenôitTrả hồ sơ điều tra bổ sung đối với các tội xâm phạm sở hữu có tính chất chiếm đoạt theo pháp luật Tố tụng hình sự Việt Nam từ thực tiễn thành phố Hồ Chí Minh (Luận văn thạc sĩ)Phát hiện xâm nhập dựa trên thuật toán k meansNghiên cứu về mô hình thống kê học sâu và ứng dụng trong nhận dạng chữ viết tay hạn chếThơ nôm tứ tuyệt trào phúng hồ xuân hươngSở hữu ruộng đất và kinh tế nông nghiệp châu ôn (lạng sơn) nửa đầu thế kỷ XIXKiểm sát việc giải quyết tố giác, tin báo về tội phạm và kiến nghị khởi tố theo pháp luật tố tụng hình sự Việt Nam từ thực tiễn tỉnh Bình Định (Luận văn thạc sĩ)BT Tieng anh 6 UNIT 2Tranh tụng tại phiên tòa hình sự sơ thẩm theo pháp luật tố tụng hình sự Việt Nam từ thực tiễn xét xử của các Tòa án quân sự Quân khu (Luận văn thạc sĩ)Giáo án Sinh học 11 bài 15: Tiêu hóa ở động vậtGiáo án Sinh học 11 bài 14: Thực hành phát hiện hô hấp ở thực vậtTrách nhiệm của người sử dụng lao động đối với lao động nữ theo pháp luật lao động Việt Nam từ thực tiễn các khu công nghiệp tại thành phố Hồ Chí Minh (Luận văn thạc sĩ)HIỆU QUẢ CỦA MÔ HÌNH XỬ LÝ BÙN HOẠT TÍNH BẰNG KIỀMTÁI CHẾ NHỰA VÀ QUẢN LÝ CHẤT THẢI Ở HOA KỲQUẢN LÝ VÀ TÁI CHẾ NHỰA Ở HOA KỲ