The financial numbers game detecting creative accounting practices phần 7 doc
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 ... dollars)
Sept. ’98 Jan. ’99 Mar. ’99 June ’99
Net sales $3,190 ,75 5 $4,264,2 07 $3,203,524 $3, 478 ,0 17
Gross profit on sales 841, 275 1,156,000 872 ,659 930, 979
Net ear...
The financial numbers game detecting creative accounting practices phần 3 docx
... 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 who rely on the firm’s financial ... five account-
ing practices to control their reported financial results and position. The first three of
these accounting practices, big bath charges, creative acquisit...
The financial numbers game detecting creative accounting practices phần 8 doc
... gas sales $35,624 $ 37, 140 $56,310
Interest and other 2,094 1,853 1 ,76 7
———– ———– ———–
Total revenues 37, 718 38,993 58, 077
Costs and expenses:
Lease operating expenses 7, 8 17 7,536 9,339
Depreciation, ... 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 financial numbers game detecting creative accounting practices phần 9 doc
... 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 ... computation of these pro-forma
measures is considered along with their motivation, characterization, and disclosure.
Their role in the financial numbers...
The financial numbers game detecting creative accounting practices phần 1 pps
... Flow to Detect Creative Accounting Practices 370
Checklist for Using Operating Cash Flow to Detect Creative Accounting
Practices 373
Summary 373
Glossary 375
Notes 377
Subject Index 379
Company ... those who seek to play this
financial numbers game.
The Financial Numbers Game: Detecting Creative Accounting Practices was written,
first and foremost, to hel...
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
... p. A4.
69. The Nasdaq Stock Market, Marketplace Rules (New York: The Nasdaq Stock Market, 19 97) ,
p. 9.
70 . Levitt, The Numbers Game. ”
71 . Ibid.
T
HE
F
INANCIAL
N
UMBERS
G
AME
143
Financial Professionals ... summarized in the exhibit.
The findings are consistent with some of the thoughts expressed by Mr. Levitt in his
speech The Numbers Game and reported earlier in t...
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 ... made in the chapter, based on the survey, include the fol-
lowing:
• Financial professionals are generally in agreement on when earnings management
crosses the line betwe...
The financial numbers game detecting creative accounting practices phần 6 ppsx
... 23,412
Charges to the reserve
and assets written off (10,2 17) — (1,321) (2,1 97) (13 ,73 5)
Balance at June 28, 1998 — 3,200 3,852 2,625 9, 677
Charges to the reserve — (9 27) (5,039) (2,111) (8, 077 )
Reserve ... 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...
The financial numbers game detecting creative accounting practices phần 10 ppsx
... 62, 63
3Com Corp., 77
3Net systems, Inc., 184
Timken Company, The, 294
TitermaxR, 355
Towers Financial Corp., 1 17
Toys “R” Us, Inc., 77 , 335
TRW, Inc., 77
Tubescope, Inc., 2 97, 298
Twenty First ... 351
preparing, 3 47 52
sustainable, 345, 346
Cash-flow reporting, problems with
detecting creative accounting practices
adjusted cash flow-to-income ratio, 370 72
checklist, 37...