The Resource Creative accounting exposed, Ignacio de la Torre ; translated into English by Bartus Hamilton

Creative accounting exposed, Ignacio de la Torre ; translated into English by Bartus Hamilton

Label
Creative accounting exposed
Title
Creative accounting exposed
Statement of responsibility
Ignacio de la Torre ; translated into English by Bartus Hamilton
Creator
Subject
Language
  • eng
  • spa
  • eng
Summary
"In this book Ignacio de la Torre explains the reasons why some companies choose to influence their figures and how they do so, often by bending the rules rather than breaking them - anticipating or increasing income, reducing or delaying the recognition of expenses and shifting away debts or losses. He also shows us how to spot such tricks and correctly interpret financial reports." "Written in a clear and enjoyable style, the wealth of international case studies from companies such as Repsol, L'Oreal, Vivendi, Universal and Vodafone and public bodies such as the Greek government and the European Union, and the subsequent detail of analysis, make this book appealing reading for all professionals of the accounting world as well as those who simply want to know the truth behind the headlines."--BOOK JACKET
Member of
Cataloging source
DLC
http://library.link/vocab/creatorDate
1974-
http://library.link/vocab/creatorName
Torre, Ignacio de la
Index
index present
Language note
Translated from the Spanish
LC call number
HF5681.B2
LC item number
T6713 2009
Literary form
non fiction
Nature of contents
bibliography
http://library.link/vocab/subjectName
  • Financial statements
  • Corporations
  • Corporations
  • Financial statements
Label
Creative accounting exposed, Ignacio de la Torre ; translated into English by Bartus Hamilton
Instantiates
Publication
Bibliography note
Includes bibliographical references (p. 172-192) and index
Contents
Revenue recognition : Introduction: Lucent Technologies ; Revenue recognition methods and associated problems ; Premature revenue recognition ; The recognition of revenues without transferring the sale risk of payment obligation: Sunbeam ; Recognition of cost reductions as revenues: Ahold ; Recognition of financial revenues as revenues of sales: Parmalat ; Recognition of taxes as sales: Heineken ; Other techniques for recognizing revenues ; Seven techniques for recognizing fictitious revenues ; Case study: recognition of revenues from sales of licenses in the software industry ; Case study: revenue recognition in the semiconductors sector: ASML ; How to detect doubtful revenues in company accounts ; Applicable accounting standards ; Impact of revenue recognition on the value of companies: priceline.com -- Stock options : the great accounting fallacy : Delta and Gamma: identical companies with different accounting systems ; What are stock options? ; How to value stock options ; A brief history of stock options ; Why companies issue stock options ; Why stock options are an expense ; Impact of stock options on valuation ; Backdating -- Off-balance-sheet financing : The case of the banks ; Factoring and credit sales in general ; Changes in working capital: ACS ; Obligations ; Capital leases v. operating leases: synthetic leases ; Sale and lease back operations ; Unconsolidated entities ; Parking of shares ; Equity swapping ; Special purposes entities ; Case study: off-balance-sheet financing in the systems integration industry ; Guarantees ; Securitization ; Case study: off-balance-sheet financing in the banking sector ; Epilogue: credit crisis and creative accounting -- Risk management, derivatives and hybrid instruments : Publicis ; Futures contracts: Deutsche Bank ; Preferred stock: Balfour Beatty ; Convertible shares ; Reclassification of convertibles: ST Microelectronics ; Mandatory convertibles: Adidas ; Synthetic convertibles: Novartis -- Recognition of expenses, balance sheet fluctuations, cash flow and quality of earnings Stocks and inventory variations ; Provisions in accounting ; Recognizing amortization/depreciation ; Extraordinary items ; 'Pro forma' accounts and dilution of earnings-per-share: Proctor & Gamble ; Capitalization of expenses ; Deferred tax assets and liabilities ; Alteration of short-term assets ; Recognition of reserves: Royal Dutch Shell and Repsol ; Pension funds ; Cash flow ; Case study: accounting in the film industry ; Case study: the American International Group (AIG) accounting scandal -- Subjectivity in the consolidation of companies : Proportional or global consolidation: Ahold ; Goodwill: Vivendi Universal ; The equity method: L'Oreal ; Provisions recorded during acquisition: ATOS -- Creative accounting in public and private entities : Public entities ; Parmalat ; WorldCom ; Enron -- Conclusion
Dimensions
25 cm.
Extent
xvi, 204 p.
Isbn
9780230217706
Lccn
2008021140
Other physical details
ill.
System control number
  • (OCoLC)226356969
  • (OCoLC)ocn226356969
Label
Creative accounting exposed, Ignacio de la Torre ; translated into English by Bartus Hamilton
Publication
Bibliography note
Includes bibliographical references (p. 172-192) and index
Contents
Revenue recognition : Introduction: Lucent Technologies ; Revenue recognition methods and associated problems ; Premature revenue recognition ; The recognition of revenues without transferring the sale risk of payment obligation: Sunbeam ; Recognition of cost reductions as revenues: Ahold ; Recognition of financial revenues as revenues of sales: Parmalat ; Recognition of taxes as sales: Heineken ; Other techniques for recognizing revenues ; Seven techniques for recognizing fictitious revenues ; Case study: recognition of revenues from sales of licenses in the software industry ; Case study: revenue recognition in the semiconductors sector: ASML ; How to detect doubtful revenues in company accounts ; Applicable accounting standards ; Impact of revenue recognition on the value of companies: priceline.com -- Stock options : the great accounting fallacy : Delta and Gamma: identical companies with different accounting systems ; What are stock options? ; How to value stock options ; A brief history of stock options ; Why companies issue stock options ; Why stock options are an expense ; Impact of stock options on valuation ; Backdating -- Off-balance-sheet financing : The case of the banks ; Factoring and credit sales in general ; Changes in working capital: ACS ; Obligations ; Capital leases v. operating leases: synthetic leases ; Sale and lease back operations ; Unconsolidated entities ; Parking of shares ; Equity swapping ; Special purposes entities ; Case study: off-balance-sheet financing in the systems integration industry ; Guarantees ; Securitization ; Case study: off-balance-sheet financing in the banking sector ; Epilogue: credit crisis and creative accounting -- Risk management, derivatives and hybrid instruments : Publicis ; Futures contracts: Deutsche Bank ; Preferred stock: Balfour Beatty ; Convertible shares ; Reclassification of convertibles: ST Microelectronics ; Mandatory convertibles: Adidas ; Synthetic convertibles: Novartis -- Recognition of expenses, balance sheet fluctuations, cash flow and quality of earnings Stocks and inventory variations ; Provisions in accounting ; Recognizing amortization/depreciation ; Extraordinary items ; 'Pro forma' accounts and dilution of earnings-per-share: Proctor & Gamble ; Capitalization of expenses ; Deferred tax assets and liabilities ; Alteration of short-term assets ; Recognition of reserves: Royal Dutch Shell and Repsol ; Pension funds ; Cash flow ; Case study: accounting in the film industry ; Case study: the American International Group (AIG) accounting scandal -- Subjectivity in the consolidation of companies : Proportional or global consolidation: Ahold ; Goodwill: Vivendi Universal ; The equity method: L'Oreal ; Provisions recorded during acquisition: ATOS -- Creative accounting in public and private entities : Public entities ; Parmalat ; WorldCom ; Enron -- Conclusion
Dimensions
25 cm.
Extent
xvi, 204 p.
Isbn
9780230217706
Lccn
2008021140
Other physical details
ill.
System control number
  • (OCoLC)226356969
  • (OCoLC)ocn226356969

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