The financial numbers game detecting creative accounting practices phần 9 doc

... 46 percent increase over $375 million in 199 8. Vishay Intertechnology, Inc. ( 199 9) Net earnings, before special charges, for the year ended December 31, 199 9 were $97 , 799 ,000 or $1.14 per share. After ... Holdings, Inc. ( 199 9) Gain on litigation settlement Area Bancshares Corp. ( 199 9) Securities gains C. R. Bard, Inc. ( 199 9) Gain on settlement of patent infringement claims Came...

Ngày tải lên: 14/08/2014, 12:21

... 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...

Ngày tải lên: 14/08/2014, 12:21

... 199 9. 39 Misreported Assets and Liabilities Exhibit 8.5 Selected Quarterly Data: Winn-Dixie Stores, Inc., Quarters Ending September 16, 199 8, January 6, 199 9, March 31, 199 9, and June 30, 199 9 ... 199 9 from $2.1 mil- lion reported in 199 8. Increased general and administrative expense for 199 9 versus 199 8 was primarily due to increased bad debt expense. Bad debt expense in 199 9 wa...

Ngày tải lên: 14/08/2014, 12:21

... 199 8, 199 9, and 2000 (thousands of dollars) 199 8 199 9 2000 Revenues: Oil and gas sales $35,624 $37,140 $56,310 Interest and other 2, 094 1,853 1,767 ———– ———– ———– Total revenues 37,718 38 ,99 3 ... terms T HE F INANCIAL N UMBERS G AME Exhibit 9. 13 Composition of an Other Expense Note: Archer Daniels Midland Company, Years Ended June 30, 199 8, 199 9, and 2000 (thousands of dollars)...

Ngày tải lên: 14/08/2014, 12:21

... Co., October 31, 199 7, 199 8, and 199 9 (thousands of dollars) 199 7 199 8 199 9 Finished goods $ 43,571 $ 35,645 $ 36,248 Goods in process 28,881 32,730 30,768 Raw materials 11,8 79 20,676 13,200 Supplies ... Unearned revenue reported on the company’s balance sheet grew from $1.4 billion in 199 7 to $2 .9 billion in 199 8 and $4.2 billion in 199 9. However, late in 199 9 the company...

Ngày tải lên: 14/08/2014, 12:21

... Nov. 199 8 $94 Selsius Systems, Inc. $134 Nov. 199 8 $92 PipeLinks, Inc. $118 Dec. 199 8 $99 Amteva Technologies, Inc. $1 59 June 199 9 $81 Source: Cisco Systems, Inc., annual report, July 199 9, p. ... results for the years 199 4 to 199 6 and for the first nine months of 199 7. What had been reported as income before tax of $3.3 million in 199 4, $3.8 million in 199 5, and $6.5 mill...

Ngày tải lên: 14/08/2014, 12:21

... Journal, March 22, 199 9, p. C3. 28. The Wall Street Journal, September 13, 199 9, p. A4. 29. Ibid., March 15, 2000, p. B10. 30. Ibid., November 17, 199 8, p. A2. 31. Ibid., February 1, 199 9, p. A2. 32. ... p. A4. 69. The Nasdaq Stock Market, Marketplace Rules (New York: The Nasdaq Stock Market, 199 7), p. 9. 70. Levitt, The Numbers Game. ” 71. Ibid. T HE F INANCIAL N UMBERS G...

Ngày tải lên: 14/08/2014, 12:21

... ended March 199 6, sales revenue increased to $2,387,608 from $68,223 in 199 5 and $600 in 199 4. However, as was later determined, a substantial portion of the revenue reported in 199 6 was the result ... 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...

Ngày tải lên: 14/08/2014, 12:21

... the years ended December 199 4, 199 5, and 199 6. The following reasons were provided for the adjustments: As a result of a comprehensive review begun in the third quarter of 199 7, the Company determined ... December 31, 199 8 and 199 9 (thousands of dollars) Financial Statement Item 199 8 199 9 Income Statement Accounts: Revenue $ 160,453 $ 196 ,240 Income before income taxes 41...

Ngày tải lên: 14/08/2014, 12:21

... 31, 199 4, 199 5, 199 6, 199 7, 199 8, and 199 9 (thousands of dollars) 199 4 199 5 199 6 199 7 199 8 199 9 Obtained from statement of cash flows: Reported cash flow provided by continuing operations $ 4 79 ... Flow to Remove the Effects of Income Taxes on Nonoperating Items: The Standard Register Co., Years Ending December 28, 199 7 ( 199 7), January 3, 199 9 ( 199 8), and January 2, 2...

Ngày tải lên: 14/08/2014, 12:21