Creative Accounting ExposedWorldcom, 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. |
Contents
Revenue Recognition | 1 |
Seven techniques for recognising fictitious revenues | 17 |
How to detect doubtful revenues in company accounts | 24 |
Copyright | |
13 other sections not shown
Common terms and phrases
accounting fraud accounting scandal accounting systems accounts receivable acquired company acquisitions Ahold American accounting standards amortization amount analysts Andrew Fastow announced assets audit auditors balance sheet Bear Stearns bonds Bonlat Calisto Tanzi capital cent commitments company's consolidation contracts corporate costs creative accounting Credit Suisse Current Accounting Issues debt December deconsolidation derivatives Deutsche Bank earnings earnings-per-share Ebbers EBITDA employees Enron entities example Expansión expenses February financial statements firm Footnotes future goodwill guarantee IFRS impact income increase instruments international accounting standards investment investors January June Kenneth Lay liability loans March market value ment merger million North American accounting obligations obtained Off-balance-sheet off-balance-sheet financing operating lease pany Parmalat payments provisions purchase ratio recognizing revenues recorded reduce result Revenue Recognition risk Salomon Smith Barney Sarbanes-Oxley Act securitization shareholders shares stock market stock options subsidiary Suisse First Boston Tanzi tion transactions Wall Street Journal WorldCom