financial warnings detecting earning surprises avoiding business troubles implementing corrective strategies

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Financial Warnings

Author : Charles W. Mulford
ISBN : 0471120448
Genre : Business & Economics
File Size : 38. 93 MB
Format : PDF, ePub, Docs
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A comprehensive, accessible, and innovative approach to a potentially devastating problem. When a firm's actual earnings fall significantly short of expectations, it's not just the company that suffers. Lenders, equity investors, accountants, auditors, and consultants can also take a hit from this "earnings surprise." Financial Warnings is designed for one purpose--to make sure that such a shortfall never undermines your financial security. Clearly and systematically, this unique practical guide helps you: * Understand the many causes of earnings surprises, including fraud, overstated revenues, undervalued liabilities, and many more * Identify the early warning signals associated with particular earnings surprises, so you can take prompt corrective action * Prevent earnings surprises from happening in the first place by improving the quality of earnings forecasts Financial Warnings comes complete with a unique early warning system to put you on the alert for potential trouble, foolproof checklists to help you spot those "yellow flags," a convenient sustainable earnings worksheet to sharpen your earnings forecasts, and plenty of vivid case histories to show you how to anticipate and avoid earnings surprises--not just on paper, but in the real world. A material difference between a corporation's expected and actual earnings, otherwise known as an earnings surprise, can spell big trouble for lenders and equity investors, to say nothing of the company in question. The failure to anticipate a negative result can threaten a lender's prospects for loan repayment, cause investors to absorb heavy losses, and trigger substantial losses on positions in equity securities. Dedicated to the principle that "forewarned is forearmed," this book provides accountants and other users of financial statements with the resources needed to avoid these damaging financial discrepancies. Charles Mulford and Eugene Comiskey employ numerous case studies to examine and define these discrepancies and classify earnings surprises according to their major causes: changing economics, fraud, and aggressive application of GAAP. They then examine the results of a survey of bankers and develop a system for rating earnings surprise potential. This Earnings Reversal Score concisely categorizes cautionary signals, such as profitability, liquidity, and management-related early warnings, enabling accountants to recognize problems and take timely corrective measures. Financial Warnings helps improve the quality of earnings forecasts as well. With the aid of a detailed worksheet and a pair of extended case studies, you'll learn how to locate material nonrecurring items--a major cause of earnings surprises--and determine a firm's sustainable earnings base more accurately. You'll discover how to pinpoint differences in the book and market values of assets and liabilities, which, if undetected, can also result in earnings surprises. In addition, you'll learn the early warning indicators of fraudulent financial reporting, as well as crucial information on the role and responsibility of auditors in detecting such fraud. An important resource for accountants, executives, CFOs, and company auditors, Financial Warnings is an indispensable guide for investors and others who depend on the accuracy of earnings projections. Even if you have only a tentative understanding of basic accounting issues, this easily accessible presentation will help you develop the knowledge and skills you need to formulate more accurate earnings expectations and avoid the potential disasters caused by earnings surprises.

Financial Warnings

Author : Charles W. Mulford
ISBN : 0471120448
Genre : Business & Economics
File Size : 64. 31 MB
Format : PDF, Docs
Download : 791
Read : 896

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A comprehensive, accessible, and innovative approach to a potentially devastating problem. When a firm's actual earnings fall significantly short of expectations, it's not just the company that suffers. Lenders, equity investors, accountants, auditors, and consultants can also take a hit from this "earnings surprise." Financial Warnings is designed for one purpose--to make sure that such a shortfall never undermines your financial security. Clearly and systematically, this unique practical guide helps you: * Understand the many causes of earnings surprises, including fraud, overstated revenues, undervalued liabilities, and many more * Identify the early warning signals associated with particular earnings surprises, so you can take prompt corrective action * Prevent earnings surprises from happening in the first place by improving the quality of earnings forecasts Financial Warnings comes complete with a unique early warning system to put you on the alert for potential trouble, foolproof checklists to help you spot those "yellow flags," a convenient sustainable earnings worksheet to sharpen your earnings forecasts, and plenty of vivid case histories to show you how to anticipate and avoid earnings surprises--not just on paper, but in the real world. A material difference between a corporation's expected and actual earnings, otherwise known as an earnings surprise, can spell big trouble for lenders and equity investors, to say nothing of the company in question. The failure to anticipate a negative result can threaten a lender's prospects for loan repayment, cause investors to absorb heavy losses, and trigger substantial losses on positions in equity securities. Dedicated to the principle that "forewarned is forearmed," this book provides accountants and other users of financial statements with the resources needed to avoid these damaging financial discrepancies. Charles Mulford and Eugene Comiskey employ numerous case studies to examine and define these discrepancies and classify earnings surprises according to their major causes: changing economics, fraud, and aggressive application of GAAP. They then examine the results of a survey of bankers and develop a system for rating earnings surprise potential. This Earnings Reversal Score concisely categorizes cautionary signals, such as profitability, liquidity, and management-related early warnings, enabling accountants to recognize problems and take timely corrective measures. Financial Warnings helps improve the quality of earnings forecasts as well. With the aid of a detailed worksheet and a pair of extended case studies, you'll learn how to locate material nonrecurring items--a major cause of earnings surprises--and determine a firm's sustainable earnings base more accurately. You'll discover how to pinpoint differences in the book and market values of assets and liabilities, which, if undetected, can also result in earnings surprises. In addition, you'll learn the early warning indicators of fraudulent financial reporting, as well as crucial information on the role and responsibility of auditors in detecting such fraud. An important resource for accountants, executives, CFOs, and company auditors, Financial Warnings is an indispensable guide for investors and others who depend on the accuracy of earnings projections. Even if you have only a tentative understanding of basic accounting issues, this easily accessible presentation will help you develop the knowledge and skills you need to formulate more accurate earnings expectations and avoid the potential disasters caused by earnings surprises.

Die Zwischenberichterstattung Nach Ifrs

Author : Timo Haenelt
ISBN : 9783899368314
Genre :
File Size : 65. 86 MB
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Guide To Financial Reporting And Analysis

Author : Eugene E. Comiskey
ISBN : 0471354252
Genre : Business & Economics
File Size : 33. 35 MB
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Due to the intricacies of contemporary business transactions, the numerous standards issued by the FASB, and the varied accounting and disclosure practices and terminology employed by reporting firms, financial statements and related disclosures have become very complex. This guide aims to explain the jargon and demonstrate the general accounting practices. The authors have produced a definitive guide for financial-statements, enabling readers to navigate the maze of modern-day financial reports and enhance their ability to use financial statements effectively in formulating decisions.

Creative Cash Flow Reporting

Author : Charles W. Mulford
ISBN : 9780471714415
Genre : Business & Economics
File Size : 55. 72 MB
Format : PDF, Kindle
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Successful methodology for identifying earnings-related reporting indiscretions Creative Cash Flow Reporting and Analysis capitalizes on current concerns with misleading financial reporting on misleading financial reporting. It identifies the common steps used to yield misleading cash flow amounts, demonstrates how to adjust the cash flow statement for more effective analysis, and how to use adjusted operating cash flow to uncover earnings that have been misreported using aggressive or fraudulent accounting practices. Charles W. Mulford, PhD, CPA (Atlanta, GA), is the coauthor of three books, including the bestselling The Financial Numbers Game: Identifying Creative Accounting Practices. Eugene E. Comiskey, PhD, CPA, CMA (Atlanta, GA), is the coauthor of the bestselling The Financial Numbers Game: Identifying Creative Accounting Practices.

The Financial Numbers Game

Author : Charles W. Mulford
ISBN : 9780470495315
Genre : Business & Economics
File Size : 72. 85 MB
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Praise for The Financial Numbers Game "So much for the notion 'those who can, do-those who can't, teach.' Mulford and Comiskey function successfully both as college professors and real-world financial mercenaries. These guys know their balance sheets. The Financial Numbers Game should serve as a survival manual for both serious individual investors and industry pros who study and act upon the interpretation of financial statements. This unique blend of battle-earned scholarship and quality writing is a must-read/must-have reference for serious financial statement analysis." -Bob Acker, Editor/Publisher, The Acker Letter "Wall Street's unforgiving attention to quarterly earnings presents ever-increasing pressure on CFOs to manage earnings and expectations. The Financial Numbers Game provides a clear explanation of the ways in which management can stretch, bend, and break accounting rules to reach the desired bottom line. This arms the serious investor or financial analyst with the healthy skepticism required to drive beyond reported results to a clear understanding of a firm's true performance." -Mark Hurley, Managing Director, Training and Development Global Corporate and Investment Banking, Bank of America "After reading The Financial Numbers Game, I feel as though I've taken a master's course in financial statement analysis. Mulford and Comiskey's latest book should be required reading for anyone who is serious about fundamentally analyzing stocks." -Harry Domash, Investing Columnist, San Francisco Chronicle and Publisher, Winning Investing The Financial Numbers Game identifies the steps businesses may take to misstate financial performance and helps its readers to identify those situations where reported results may not be what they seem.

Ten Steps To A Results Based Monitoring And Evaluation System

Author : Jody Zall Kusek
ISBN : 9780821389072
Genre : Business & Economics
File Size : 66. 43 MB
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This Handbook provides a comprehensive ten-step model that will help guide development practitioners through the process of designing and building a results-based monitoring and evaluation system.

Communicating Risks And Benefits

Author : Baruch Fischhoff
ISBN : 0160901790
Genre : Health & Fitness
File Size : 37. 37 MB
Format : PDF
Download : 895
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Effective risk communication is essential to the well-being of any organization and those people who depend on it. Ineffective communication can cost lives, money and reputations. Communicating Risks and Benefits: An Evidence-Based User’s Guide provides the scientific foundations for effective communications. The book authoritatively summarizes the relevant research, draws out its implications for communication design, and provides practical ways to evaluate and improve communications for any decision involving risks and benefits. Topics include the communication of quantitative information and warnings, the roles of emotion and the news media, the effects of age and literacy, and tests of how well communications meet the organization’s goals. The guide will help users in any organization, with any budget, to make the science of their communications as sound as the science that they are communicating.

Just Mercy Adapted For Young Adults

Author : Bryan A. Stevenson
ISBN : 9780525580058
Genre : Young Adult Nonfiction
File Size : 69. 57 MB
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In this young adult adaptation of the acclaimed bestselling Just Mercy, which the New York Times calls "as compelling as To Kill a Mockingbird, and in some ways more so," Bryan Stevenson delves deep into the broken U.S. justice system, detailing from his personal experience his many challenges and efforts as a lawyer and social advocate, especially on behalf of America's most rejected and marginalized people. In this very personal work--proceeds of which will go to charity--Bryan Stevenson recounts many and varied stories of his work as a lawyer in the U.S. criminal justice system on behalf of those in society who have experienced some type of discrimination and/or have been wrongly accused of a crime and who deserve a powerful advocate and due justice under the law. Through the Equal Justice Initiative (EJI), an organization Stevenson founded as a young lawyer and for which he currently serves as Executive Director, this important work continues. EJI strives to end mass incarceration and excessive punishment in the United States, working to protect basic human rights for the most vulnerable people in American society. "A deeply moving collage of true stories . . . .This is required reading." --Kirkus, Starred Review Praise for Just Mercy: A Story of Justice and Redemption: "Important and compelling." --Pulitzer Prize-winning author TRACY KIDDER "Gripping. . . . What hangs in the balance is nothing less than the soul of a great nation." --DESMOND TUTU, Nobel Peace Prize Laureate "An inspiring and powerful story." --#1 New York Times bestselling author JOHN GRISHAM

What S Behind The Numbers A Guide To Exposing Financial Chicanery And Avoiding Huge Losses In Your Portfolio

Author : John Del Vecchio
ISBN : 9780071791984
Genre : Business & Economics
File Size : 81. 41 MB
Format : PDF, Kindle
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Learn how to detect any corporate sleight of hand—and gain the upper hand with smart investing Investing expert John Del Vecchio and “Motley Fool” Tom Jacobs offer a compelling arguement that the secret to stock-market success today isn’t finding the next Google or eBay, but avoiding the next AIG or Enron. To that end, they offer simple, clear techniques for detecting when and how legitimate companies make their numbers look better than they are. What's Behind the Numbers? offers seven rules for finding companies playing with—rather than by—the numbers and explains how to avoid losing money by determining exactly when a stock is about to head south. John Del Vecchio, CFA, serves as a Principal of Ranger Alternative Management and principal of Parabolix Research, Inc. Tom Jacobs is lead advisor for the Motley Fool Special Ops, a stock service where he manages a special situations and opportunistic portfolio. He is cofounder of Complete Growth Investor LLC.

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