Sound Investing, Chapter 14 - Asset Scams
This chapter comes from a book written by financial accounting expert Kate Mooney. Sound Investing provides you with the expertise to recognize signs of trouble or fraudulent reporting in a company's financial statements. Using recent scandals as examples, it offers clear direction on locating specifics in financial statements as well as the notes, SEC filings, and the annual report that signal possible trouble and presents action steps to take when warning signs appear.
What people are saying - Write a review
We haven't found any reviews in the usual places.
accounting rules Accounts receivable affect income amortization ASSET SCAMS Assets are things Auditors available for paying balance sheet value calculated amount capitalize cash and cash cash equivalents classifications of investments classified as held-to-maturity company’s LIFO compensating balances comprehensive income cost flow cost of inventory Current Asset Values customers Debt securities classified decline in value earnings Equity method investments estimate FIFO financial statements goodwill identifiable intangible assets impaired income statement increase in inventory increase in receiv increase in revenue Inflating Current Asset inven inventory increased Inventory valuation item in inventory Kate Mooney LIFO reserve LIFO valued inventory liquid Long-term asset values manipulate market value minimum required account misleading investors money market funds Navistar one-time charge overstated overvalued patents period present value Property and Equipment quantity realized gain recognized in income reduce income regular maintenance reported required account balances revenue by selling sales increase sold tory trading securities trucks need write-down