Book Description
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 purposeâto 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 surprisesânot 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 itemsâa major cause of earnings surprisesâand 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.
Customer Reviews:
An Invaluable Book that rings the bell loud and clear.......2004-09-23
Although this book looks outdated but I am sure it sounds loud and clear especially when we are so hot-headed about the Internet Age and Knowledge Management and in most cases have forgotten about what are the Warning Signs we have to watch for particularly when we are opting to invest in a new stock of the new age.The Author is a respected scholar in the field of Finance and I admire every book of his and has spent the money to have every book he has written but most of all, I feel this book is the best. Read it and you will have things to remember everyday.
Gem!.......2002-11-07
Impeccable, a must read for investors, bankers, corporate finance pros. Highly recommended.
Best financial book for your money........2002-04-18
The funny thing is that I have read over 20 books on financial analysis and investing, and I believe that every penny that I have spent on this book was well worth it. The price of the book scared me at first, but where all of the other books that I read fell short, Financial Warnings did not. I was very impressed with the detail to which the book describes each investment scenario. There is no shortage of financial warnings to look out for. In fact, I was shocked to learn of how many warnings lenders and investors should be aware of. Not only has this book taught me about what to avoid, but also about what to buy. Did you know that the CEO or CFO going through a divorce is a financial warning? Did you know that a company entering a new business is a financial warning? Did you know that beating earnings expectations by one penny every quarter is a financial warning when your competitor fell short of expectations? This is a must read. Reading Financial Warnings has changed my life. It is a must read.
Sans pareil!.......2002-01-28
The book is an excellent treatise which provides the readers a systematic framework for figuring out whether the books have been manipulated or if the accounting has been aggressive, through finding out non-recurring items in the income statement and balance sheet. I have tried other books but, they just do not compare with this treatise. The book uses a systematic step-by-step approach which introduces the reader to how to read the fine print. This book should be invaluable to finance and accounting professionals, and also to amateur investors, who would be willing to do a little research into the company books.
For those who not lucky enough to attend Dr. Mulford's class, this book should do a great job.
Listens to all the reviewers.......2000-03-30
To all the people who are skeptical. This book is excellent. I got an email pointing me to this direction and I am glad I did spend the money. It is money well spend.
It teachs you the non recuring items in the financial statements, capitalized assets, capitalized interest, Lifo liquidation etc.
If you find my review satisfying, let me know if you had another good book to read. I know another book, let's trade some info.
Book Description
As recent corporate scandals prove, corrupt companies can maintain a façade of financial success through manipulation and fraud almost to the day they file for bankruptcy. Fortunately, tools exists to detect aggressive earnings management. This timely book reviews the current environment, explains the tools that can be used to detect a manipulative financial environment, and introduces techniques for recasting financial information to get a truer economic picture. Brief cases reflecting a variety of companies provide a feel for evaluating public data and how earning management potential can be analyzed. In addition, an appendix features a complete earnings management detection checklist that can be used to conduct a thorough analysis of any corporation.
Average customer rating:
|
Reinventing Functional Finance: Transformational Growth And Full Employment
Manufacturer: Edward Elgar Pub
ProductGroup: Book
Binding: Paperback
 General
| Popular Economics
| Business & Investing
| Subjects
| Books
Macroeconomics
| Economics
| Business & Investing
| Subjects
| Books
Finance
| Business & Investing
| Subjects
| Books
| Banks & Banking
| Corporate Finance
| Foreign Exchange
| Inflation
| Interest
General
| Business & Investing
| Subjects
| Books
General
| Finance
| Accounting & Finance
| Professional & Technical
| Subjects
| Books
All Titles
| Qualifying Textbooks - Fall 2007
| Stores
| Books
ASIN: 1845422201 |
Book Description
This ambitious book, now available in paperback, seeks both to revive and revise the idea of `functional finance'. Followers of this doctrine believe that government budgets should concentrate solely on their macroeconomic impact on the economy, rather than reflecting a concern for sound finance and budgetary discipline. Reinventing Functional Finance examines the origins of this idea and then considers it in a modern context. The authors explore the concept of NAIRU and argue that modern economies can operate at the level of full employment without provoking unmanageable inflation. They also contend that budget deficits do not have the deleterious effects commonly ascribed to them; the belief that they do rests on a misunderstanding of modern money. In this context, they highlight the relevance of Abba Lerner's famous dictum, `money is a creature of the State'. The authors also debate the merits of various proposals for `Employer of Last Resort' programs, which combine automatic stabilizers with the buffer stock principle. The book boasts an array of eminent contributors which includes, amongst others, James Duesenberry, Robert Eisner, Robert Heilbroner, Richard Musgrave, Edward Nell and Randall Wray. Financial economists, politicians, policymakers and bankers will welcome this provocative and refreshing book which challenges established economic thinking.
Book Description
This digital document is an article from International Labour Review, published by International Labour Office on September 22, 2003. The length of the article is 1785 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.
Citation Details
Title: Reinventing functional finance: Transformational growth and full employment.(Book Review)
Author: Fadhel Kaboub
Publication:
International Labour Review (Refereed)
Date: September 22, 2003
Publisher: International Labour Office
Volume: 142
Issue: 3
Page: 376(5)
Article Type: Book Review
Distributed by Thomson Gale
Book Description
If you're tired of excuses, fed up with "The check's in the mail" and sick of seeing your kids go without, Deadbeats will take you step-by-step through the process of collecting every penny of child support you are owed. Don't just complain about your situation--take action! Make the system work for you and MAKE THAT DEADBEAT PAY! This book will empower you to:
Establish, modify and enforce your child support order Find and hire an attorney (even a free one, if you qualify) Track down an absent parent and his or her assets Take advantage of the services of the courts and government Collect from unemployed, self-employed, bankrupt and other difficult absent parents
Simone Spence is a nationally recognized leader in the field of child support enforcement. She is a recipient of the U.S. Senate Citation for Child Support Enforcement and Advocacy and has consulted with the U.S. Congress on child support legislation and enforcement. Ms. Spence is a writer, a consultant and the founder of the Spence Foundation, a national agency for the enforcement of child support.
Customer Reviews:
I got my money!!!..........2002-10-25
YES!!! I collected $11,225 in back child support thanks to Simone Spence's awesome book.
The information Spence provided took me step-by-step on what I could do to conduct research and make a plan of action. The result was that the deadbeat dad's employer had not only reported the deadbeat dad as terminated from the company, but continued to garnish wages without sending them to the state. With the power of a subpoena, I obtained evidence from the employer and uncovered his scam. This forced him to pay me the money he should had been sending to the state for the past two years. Now, the employer will be getting a visit from the friendly state prosecutor and the deadbeat dad has been absolved. He only owes $890 instead of $21,000. And best of all, I did all the legal work myself for under $200. No lawyer needed. The only lawyer involved was the child support enforcement staff attorney who was put into action by the judge when I revealed the employer's negligence.
Get this book and get your money!!!!
Another child support expert.......2001-01-15
Spence is yet another self-described expert on child support collections taking advantage of human difficulty and ignorance. The vast majority of child support that is not paid, is not paid because the person ordered to pay doesn't have the money to pay, which results in a low probability of collections -- if he's not already paying. The fact that 80 percent of payments are normally made without problem never surfaces in this sort of book, which finds its roots as just another unfounded attack on men. Outside the very very low percent of actual "deadbeats" (those who can but won't no matter what), there is a much greater percent of those who can't but don't -- and a very easy prescription for getting greater financial support; stop blocking visitation, stop ripping the guy off, call off the war, grow up, and allow him to be involved in his children's lives the way he wants to. Then you won't ever have to waste money on a book like this one.
I gave this book to my daughter!.......2000-06-18
I bought this book for my daughter! I two weeks, she already has siezed money from her ex's checking account to pay back child support. She is also having the child support payments increased because he is making more money now. She now knows what she needs to do to keep on top of the situation. This book has payed for itself more that a hundred times over!
Info for the uninformed.......2000-06-15
I heard the author on the radio and decided I had to read the book. It's great information to have it you are chasing a deadbeat as I have been for 10 years. This book arms the reader with important facts and laws that the courts, lawyers, and state agencys will never tell you. It's empowered me to keep trying to collect the 17K that is owed. I highly recommend reading this book if you feel there is no hope. There is.
FANTASTIC!.......2000-06-01
Simone Spence knows how to hit below the belt! Even if you don't collect your back child support, there is insightful information on how to ruin the credibility of your ex! What may seem to be an overwhelming job in tracking your ex and collecting your support - Simone gives you hope!
Product Description
These authors have extensive experience in debtor-creditor matters and in the collection and defense of judgments. This is more than just a "nuts and bolts" manual on how to collect a judgment. Frequently, relevant statutes and rules only provide a summary statement of the remedies available to the judgment creditor and the legal mechanisms for recovery. The authors will present practical techniques and strategies to most effectively utilize those enforcement statutes, rules and procedures available to the judgment creditor and judgment debtor. You will also receive many invaluable tips to enable you to have a more successful judgment collection.
Average customer rating:
|
Complete Guide to Federal and State Garmishment
Amorette Nelson Bryant
Manufacturer: Aspen Publishers
ProductGroup: Book
Binding: Paperback
Corporate
| Taxes
| Accounting
| Industries & Professions
| Business & Investing
| Subjects
| Books
General
| Accounting
| Industries & Professions
| Business & Investing
| Subjects
| Books
General
| Business & Investing
| Subjects
| Books
General
| Reference
| Business & Investing
| Subjects
| Books
General
| Law
| Subjects
| Books
General
| Law
| Professional & Technical
| Subjects
| Books
General
| Accounting
| Accounting & Finance
| Professional & Technical
| Subjects
| Books
General
| Reference
| Subjects
| Books
ASIN: 073554963X |
Product Description
This is the 43rd in a series of "A systematic law course presented by means of special textbooks, instruction lectures, and legal problems", prepared by La Salle Extension University. Book is in light gray paper wraps with stapled spine and black type.
Average customer rating:
|
The Law of Attachment and Garnishment (Oceana's Legal Almanac Series Law for the Layperson)
Margaret Jasper
Manufacturer: Oxford University Press, USA
ProductGroup: Book
Binding: Hardcover
Civil Procedure
| Procedures & Litigation
| Law
| Subjects
| Books
General
| Law
| Subjects
| Books
General
| Law
| Professional & Technical
| Subjects
| Books
Civil Procedure
| Procedures & Litigation
| Law
| Professional & Technical
| Subjects
| Books
General
| Reference
| Subjects
| Books
All Titles
| Qualifying Textbooks - Fall 2007
| Stores
| Books
ASIN: 0379113465 |
Book Description
Defines and describes the characteristics of attachment and garnishment and how these tools are implemented. Safeguards, especially federal protections, are analyzed.
The Legal Almanac series serves to educate the general public on a variety of legal issues pertinent to everyday life and to keep readers informed of their rights and remedies under the law. Each volume in the series presents an explanation of a specific legal issue in simple, clearly written text,
making the Almanac a concise and perfect desktop reference tool. All volumes provide state-by-state coverage. Selected state statutes are included, as are important case law and legislation, charts and tables for comparison.
Books:
- Financial Warnings: Detecting Earning Surprises, Avoiding Business Troubles, Implementing Corrective Strategies
- Franchise Value: A Modern Approach to Security Analysis (Wiley Finance)
- Fraud 101: Techniques and Strategies for Detection
- Fundamental Accounting Principles w/2003 Krispy Kreme AR, TTCD, NetTutor, OLC w/PW
- Governmental and Nonprofit Accounting: Theory and Practice (8th Edition) (Charles T Horngren Series in Accounting)
- History: Fiction or Science? (Chronology, No. 1)
- Integrated Risk Management: Techniques and Strategies for Managing Corporate Risk
- Intermediate Accounting, Chapters 1-14, Problem Solving Survival Guide
- Intermediate Accounting, Volume 1
- Investing in Pension Funds and Endowments : Tools and Guidelines for the New Independent Fiduciary
Books Index
Books Home
Recommended Books
- A Game as Old as Empire: The Secret World of Economic Hit Men and the Web of Global Corruption
- The Boy Who Was Raised As a Dog: And Other Stories from a Child Psychiatrist's Notebook: What Traum
- Health Care Budgeting and Financial Management for Non-Financial Managers
- Integrating Differentiated Instruction & Understanding by Design
- Principles of Corporate Finance + Student CD + Ethics in Finance PowerWeb + Standard and Poor's
- Pat the Bunny
- Review of the Export Control Authorities: Hearing Before the Committee on Banking, Housing, and Urba
- Essays on Accounting Theory in Honour of Joel S. Demski
- Liberalizing Global Trade in Energy Services
- Guide to Florida's Whales and Their Relatives
Creative Cash Flow Reporting: Uncovering Sustainable Financial Performance
The Financial Numbers Game: Detecting Creative Accounting Practices
Financial Shenanigans: How to Detect Accounting Gimmicks & Fraud in Financial Reports, Second Edition
Quality of Earnings
Guide to Financial Reporting and Analysis
