The financial numbers game detecting creative accounting practices phần 8 doc
The financial numbers game detecting creative accounting practices phần 8 doc
... 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...
The financial numbers game detecting creative accounting practices phần 3 docx
... 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...
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 ... ’01
Revenue $4,350 $4,919 $5, 782 $6,519 $6,7 48
Percent increase from — 13.1% 17.5% 12.7% 3.5%
prior quarter
Cost of goods sold $1,536 $1,7 48 $2,0 98 $2,3 78 $2, 581
In...
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 ... income of $1 18. 1
million, or diluted earnings per share of $2. 28.
Excluding the impact of the after-tax gain on the
sale of the cardiopulmonary bus...
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 ... 40%
15
• Given the various creative accounting practices that can be used to play the financial
numbers game, a classification scheme was devised to facili...
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 ... by the accounting practices at CUC.
69
CLEANING UP AFTER THE GAME
At some point, after reported financial results and position have been pushed to the
bounda...
The financial numbers game detecting creative accounting practices phần 4 ppt
... Mulford
Callaway Professor of Accounting Invesco Professor of Accounting
Source: Financial Numbers Game Survey
139
potentially fraudulent actions if they are presented to them. Whether such actions actu-
ally ... of the last day of the quarter, and thus some or all of the
unfinished product was packaged and shipped after the close of the fiscal quarter.
56
The SEC mainta...
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 ... 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 of...
The financial numbers game detecting creative accounting practices phần 6 ppsx
... portion 60,661 87 ,82 8
———— ————
Total membership commission advances 81 ,88 5 120, 588
Stockholders’ equity 101,304 114,464
Source: Pre-Paid Legal Services, Inc., Form 10-K annual report to the Securities ... 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 warr...
The financial numbers game detecting creative accounting practices phần 10 ppsx
... cases, 66–71
described, 86 , 122
Accounting changes
accounting estimates, changes in, 288 –91
accounting principle, change in, 287 , 288 , 291,
292
categories of, generally, 287
cumulative effect of, ... reducing, 84
financial covenant violations, avoiding, 84
generally, 82
incentive compensation, maximizing, 83 , 84
proceeds from share issues, maximizing, 83
operational,...