Creative Accounting Exposed
Worldcom, Enron, Parmalat...a succession of financial scandals have made front page news throughout the world in recent times. In this book, the author investigates the origin of creative accounting and explains how and why some companies use these shortcuts to cover different needs. Creative Accounting Exposed is written in a clear, enjoyable style with a wealth of case studies.
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The Great Accounting Fallacy
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accounting scandal accounting systems accounts receivable acquisitions Ahold American accounting standards amortization amount analysts Andrew Fastow announced assets audit auditors balance sheet bonds book value capital lease cent commitments company's consolidated contracts corporate costs creative accounting Credit Suisse debt December deconsolidation deferred derivative Deutsche Bank directors earnings earnings-per-share EBITDA employees Enron entities example expenses February financial statements firm Footnotes future goodwill guarantee impact income increase international accounting standards investment investors January June Kenneth Lay liability loans loss account market value ment merger million normally North American accounting Novartis obligations obtained off-balance-sheet off-balance-sheet financing operating cash flow operating lease P/E ratio pany parent company Parmalat payments period profit and loss provisions purchase recognizing revenues recorded reduced result revenue recognition risk sector securitization shareholders shares sold Spanish stock market stock options subsidiary Suisse First Boston tion transactions Wall Street Journal WorldCom