Hidden Financial Risk

Understanding Off-Balance Sheet Accounting

Inbunden, Engelska, 2003

558 kr

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Beskrivning

An insider's guide to understanding and eliminating accounting fraudHow do these high-profile accounting scandals occur and what could have been done to prevent them. Hidden Financial Risk fills that void by examining methods for off balance sheet accounting, with a particular emphasis on special purpose entities (SPE), the accounting ruse of choice at Enron and other beleaguered companies. J. Edward Ketz identifies the incentives for managers to deceive investors and creditors about financial risk and also shows investors how to protect their investments in a world filled with accounting and auditing frauds.J. Edward Ketz, PhD (State College, PA) is MBA Faculty Director and Associate Professor of Accounting at Penn State's Smeal College of Business. He has been cited in the press nearly 300 times since Enron's bankruptcy, including The New York Times, The Wall Street Journal, and The Washington Post.. He has a regular column in Accounting Today.

Produktinformation

Utgivningsdatum:2003-07-30
Mått:184 x 260 x 28 mm
Vikt:756 g
Format:Inbunden
Språk:Engelska
Antal sidor:312
Förlag:John Wiley & Sons Inc
ISBN:9780471433767

Utforska kategorier

Mer om författaren

J. EDWARD KETZ, PhD, is MBA Faculty Director and Associate Professor of accounting at Penn State's Smeal College of Business. He has been cited in the press over 500 times since Enron's bankruptcy, and is well known as an accounting expert as attested in writings, vast citations in the press and on television, including the New York Times, the Wall Street Journal, and the Washington Post. His column "Accounting Annotations" is published in Accounting Today and his column "Accounting Cycle: Wash, Rinse, and Spin" appears regularly at SmartPros.com. He is also the author of Bridge Accounting: Procedures, Systems, and Controls (Wiley).

Recensioner i media

"Ketz' discussion is fascinating, although all too useful to future scamsters wanting to find out just how those clever guys at Enron did it." (UPI Business and Economics, August 11, 2003)

Innehållsförteckning

Preface. PART I. MY INVESTMENTS WENT OUCH!1. What? Another Accounting Scandal?2. Balance Sheet Woes.PART II. HIDING FINANCIAL RISK.3. How to Hide Debt with the Equity Method.4. How to Hide Debt with Lease Accounting.5. How to Hide Debt with Pension Accounting.6. How to Hide Debt with Special Purpose Entities.PART III. FAILURES THAT LED TO DECEPTIONS.7. The Failure of Managers and Directors.8. The Failure of the Auditing Profession.9. The Failure of Regulation.10. The Failure of Investors.PART IV. MAKING FINANCIAL REPORTS CREDIBLE.Chapter 11. Andersen Has the Solution—Really!Bibliography.Index.