Book Description
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.
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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."
Customer Reviews:
The best book on the subject.......2007-10-01
I was a student of Dr. Mulford during my MBA, and I can say that the book is as great as his class. He definitvely was one of the best professors I ever had.
We are used to see in many valuation books to take Free Cash Flow as a given; therefore not understanding the real implication of FCF manipulation in enterprise value.
This book explains how the FCF can be calculated and what are the usual "tricks" that companies do in order to show better (or worse?) results. And that is what is all about: building financial criteria for managers in order to make the best decisions.
The best: meaty, well-written and thorough.......2007-08-23
This is not your typical accounting/finance book (i.e., unclear, unfocused and boring). Creative Cash Flow Reporting is the best and most important accounting/finance book I've read in many years. The authors are certainly focused on the right area (determining sustainable cash flow from operations). The interesting nuances of cash flow reporting are laid out in simple terms (e.g., debt funding and repayments are reported with Financing cash flows, but the related interest expense is reported with Operating cash flows). The authors also go beyond the numbers to provide good background re: a number of strategic alternatives (e.g., why one might enter into a sale/leaseback transaction). There are many other reasons to recommend the book.
In summary, this book is a "must have" for accountants and financial analysts, and I would strongly recommend for CEOs, COOs, corporate and securities attorneys, and corporate middle managers.
Nothing new in here.......2006-12-13
this book serves more as a dictionary of cash flow related items rather than offering any prescription for active monitoring of cash flow related mischief.
save your time and money.
Groundbreaking book.......2006-03-18
Mulford and Comiskey have delivered a tour de force for the financial and accounting community in this book. Whether you are a financial analyst, corporate accountant, auditor or an executive with a small or large firm, you absolutely will benefit from this book. It is one of the most important books of the last 20 years, and in my opinion, it is the finest book ever written on the concepts and methods of deciphering Operating Cash Flow, it's relationship to earnings, calibrating and measuring free cash flow, as well as the mechanics and drivers (and sometimes deliberate manipulation by unscrupulous management) within the business system that can lead to distortions in the Cash Flow statement.
What about earnings supported by artificial means? What are the core drivers of cash flows? What should our view be, vis a vis the Operating Cash flows, regarding non recurring charges and depreciation? Are capital expenditures really as cut and dry as we like to think they are, under GAAP? How does it impact our cash flows, in the real world? How is it sometimes manipulated, to distort the underlying cash flow realities?
If you are a financial or accounting professional, read this book. Read it twice. Read it three times. An absolutely extraordinary book. Well written, insightfull, never boring, always intriguing with unique content. The authors have such an extraordinary grasp of accounting and financial flows, and bring such groundbreaking concepts and ideas to the field, that you won't put this book down, and there are not many accounting or finance books we can say that about !! "Creative Cash Flow" by Mulford and Comiskey is absolutely a virtuoso performance. Amongst, and compared to, the entire literature that exists in the field of accounting and financial analysis, this book is an extraordinary achievement.
Simply the best book on the subject........2005-09-04
Messers Mulford and Comiskey have released a primer on what has lately become a messy subject. Unlike other books with a focus on cash--Hackel's book, for example--this one delves a little bit deeper into the subject of financial misreporting. The reader is given a synopsis of how companies say that their cash is operating, whereas it ought to be put under financing or investing cash flow. There is a multitude of similarly constructed arguments. The examples are lucid, apropos, and contemporary. The book also has a deterministic model for calculating CFFO. Read it.
Book Description
Dramatically improve inventory accuracy with bestselling author Steven Bragg's step-by-step guidelines
Inventory Accounting is a comprehensive, step-by-step guide to setting up an inventory accounting system and keeping it running at maximum efficiency. This hands-on book provides accounting professionals with essential information on how to:
* Set up an accounting system that efficiently handles accumulating inventory costs, summarizing accounts, and standard journal entries used to record transactions
* Use best practices to increase the efficiency of inventory-tracking and costing functions
* Install unique controls to combat inventory fraud
* Implement a step-by-step checklist of activities for inventory counting procedures
* Save hours of valuable time researching various GAAP reference manuals
* Adapt inventory tracking and costing systems to accommodate a variety of manufacturing systems
Spanning the entire spectrum of inventory accounting, Inventory Accounting deftly explores every facet of the field to help professionals eliminate inaccuracies from their inventory accounting systems.
Download Description
"Dramatically improve inventory accuracy with bestselling author Steven Bragg's step-by-step guidelines
Inventory Accounting is a comprehensive, step-by-step guide to setting up an inventory accounting system and keeping it running at maximum efficiency. This hands-on book provides accounting professionals with essential information on how to:
* Set up an accounting system that efficiently handles accumulating inventory costs, summarizing accounts, and standard journal entries used to record transactions
* Use best practices to increase the efficiency of inventory-tracking and costing functions
* Install unique controls to combat inventory fraud
* Implement a step-by-step checklist of activities for inventory counting procedures
* Save hours of valuable time researching various GAAP reference manuals
* Adapt inventory tracking and costing systems to accommodate a variety of manufacturing systems
Spanning the entire spectrum of inventory accounting, Inventory Accounting deftly explores every facet of the field to help professionals eliminate inaccuracies from their inventory accounting systems."
Customer Reviews:
much practical advice.......2007-03-09
The book is replete with much practical advice that can readily be understood and applied by a diligent reader. One example would be monitoring the scrap percentage for a manufacturing operation. As Bragg points out, this can be an indicator of poor workmanship, bad setup of the machinery or inferior raw materials used by the factory.
Another example is the rate of use of loading dock doors. Each door also implies an allocation of floor space next to it, for moving goods in and out of the warehouse. A door that is minimally used often suggests that floor space is not being fully utilised.
For these and many other examples, Bragg furnishes simple metrics to measure the effect. Most are trivial mathematically, and could be defined from first principles by a reader experienced in engineering. But the book seems to be aimed, in part, at a reader who does not have such a background. Perhaps you rose from the shop floor, to now have managerial responsibility?
Product Description
This book covers everything you need to know for the depreciation portion of the Certified Bookkeeper examination.
Customer Reviews:
The more I read this book, the more I understand why and how today's accounting runs. .......2005-09-07
The more I read this book, the more I understand why and how today's accounting runs. My major is Engineering, not business nor accounting. I tried to study accounting by myself. But I was confused about the reason that the accounting should run the way the textbooks said. Till I read the history of accounting. This book talked the accounting's history in the United Stated of America. I get how today's accounting come from and the close relation between accounting and business in the USA. That's to say, if there was not the history of accounting, the history of business did not live today. Reading this book is good for you, of course, and me.
Interesting but distracted.......2003-11-03
A generally interesting and enjoyable book. The drawback is that the authors' somewhat socialist world-view takes them into irrelevant tangents.
Average customer rating:
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The Commercialisation of Accountancy: Flexible Accumulation and the Transformation of the Service Class
Gerard Hanlon
Manufacturer: Palgrave Macmillan
ProductGroup: Book
Binding: Hardcover
 General
| Business & Investing
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General
| Accounting
| Industries & Professions
| Business & Investing
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Human Resources & Personnel Management
| Industries & Professions
| Business & Investing
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General
| Accounting
| Business & Finance
| New & Used Textbooks
| Stores
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General
| Business & Finance
| New & Used Textbooks
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General
| Human Resources
| Business & Finance
| New & Used Textbooks
| Stores
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ASIN: 0312122918 |
Book Description
This book examines the way in which professional work - specifically accountancy - has been affected by the changes within the global economy over the last twenty years. It examines the commercialisation of accountancy, finding it directly related to the shift by capital away from the consensus it had entered into with labour during the post-war boom. The book argues that this transformation polarised the class structure of the advanced economies and seeks to explain the impact this transformation has had on the socialisation and promotional processes currently experienced by one group of professionals who have benefited from this change. In doing so, it puts forward a coherent explanation for the loss of auditor independnece and hence to the increase in auditing failures. The book also argues that what accountancy has experienced may increasingly emerge in other professions including medicine, law and teaching, as governments seek to expose them to market forces.
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ACCOUNTING STANDARDS: 'TRUE AND FAIR', OR FRAUDULENT MISREPRESENTATION?
Anthony Rayman
Manufacturer: Routledge
ProductGroup: Book
Binding: Paperback
Corporate Finance
| Finance
| Business & Investing
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General
| Business & Investing
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Financial
| Accounting
| Industries & Professions
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General
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Management
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General
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| Accounting & Finance
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All Titles
| Qualifying Textbooks - Fall 2007
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ASIN: 0415377811 |
Book Description
Within the context of the financial scandals on Enron, Tyco et al, the accounting profession is under scrutiny as never before. More importantly, the basis of financial accounting, the standards and guidelines by which company accounts are both drawn up, and are validated are being questioned in that they appear to singularly fail to prevent and potentially aid and abet financial wrong-doing. As a result "truth in accounting" has become not simply a professional issue but a political one.
In this book, Anthony Rayman seeks to explain the failure of the conventional system of accounting and to propose an alternative system to promote the improvement of corporate governance in the market economy. It expertly explores the theoretical basis of generally accepted assumptions, and challenges the validity of the current accounting system.
This stimulating examination systematically critiques the existing system and will promote discussion and debate in both students and professionals. Accessibly written and expertly argued, this book will be of great interest to students, academics and professionals throughout the accounting arena.
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Accountancy
John W. Wanlass
Manufacturer: South Western College Publishing
ProductGroup: Book
Binding: Paperback
ASIN: 0324366329 |
Average customer rating:
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Accountancy
W. Harrison
Manufacturer: Northwick Publishers
ProductGroup: Book
Binding: Paperback
General
| Business & Investing
| Subjects
| Books
Accounting
| Industries & Professions
| Business & Investing
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| Books
| Auditing
| Bookkeeping
| Financial
| General
| Governmental
| International
| Management
| Taxes
ASIN: 0907135595 |
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Accountancy (Bluffer's Guides S.)
John Courtis
Manufacturer: Oval Books
ProductGroup: Book
Binding: Paperback
Accounting
| Industries & Professions
| Business & Investing
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| Auditing
| Bookkeeping
| Financial
| General
| Governmental
| International
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| Taxes
General
| Humor
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ASIN: 0948456434 |
Customer Reviews:
Time-saving.......2007-07-26
This book worked wonders on my tax returns. What initially seemed like a complex and arduous task became simplicity itself. In fact, with the skills I had learned here I was able to bluff my way throught the yearly company records in merely half-an-hour. I just hope they hurry up with the sequel "The Bluffer's Guide to a Tax Evasion Trial". The hearing is pretty close now.
Book Description
This collection of original manuscripts—representing a cross-section of the timeliest scholarship in public personnel administration—explores the theme of “problems and prospects” in public personnel administration. The contributions are organized into four broad sections: The Setting, The Techniques, The Issues, and Reform and the Future. Section One focuses primarily on the social, political, economic, and legal trends that have served as catalysts in the transformation of public personnel administration. Section Two is composed of selections that summarize developments in the practice of HRM, with special emphasis on emerging personnel techniques and the ways that traditional approaches to the staffing function are being revised. Section Three discusses and suggests responses to some of the most troublesome or pervasive issues in modern personnel management. The final section assesses the probable trends in the field's future, and analyzes the efficacy of recent reform efforts. For human resource personnel looking to broaden their perspective in the field.
Customer Reviews:
Excellent supplementary text to accompany a personnel course.......1998-11-24
Hays and Kearney are well know for their edited readers. This text is a compilation of articles from leading writers in the field of public personnel management. As such, the book serves as a useful discussion text within the classroom environment. The subjects treated run the gamut of personnel issues, but most noteworthy are the articles on constitutional law, public ethics, and civil service reform.
Book Description
This book is probably the only current volume to combine discussion of plant evolution with that of crop origins. The first edition was published in 1992 by Prentice-Hall, and has now been fully revised to reflect recent advances. Key features include: a description of the process of evolution in native and cultivated populations of plants; a review of when and where major crops were domesticated; discussion of the subsequent development of crops over time; and greater integration of the information on evolution and crop origins compared to the first edition. The book is aimed at advanced students and postgraduates.
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Symmetries in Science VI: From the Rotation Group to Quantum Algebras (Symmetries in Science)
Manufacturer: Springer
ProductGroup: Book
Binding: Hardcover
Astronomy
| Astronomy
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General
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General
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Mathematical Physics
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Quantum Theory
| Physics
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Astronomy
| Astronomy
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Mathematical Physics
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Quantum Theory
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ASIN: 0306445840 |
Books:
- Credit, Cash & Co-Dependency: How the Way You Were Raised Affects Your Decisions About Money
- Debt Collection: Successful Strategies for the Small Business
- Diccionario de Economia, Finanzas y Empresa =: Dictionary of Economics, Finance and Business
- Die Broke : A Radical 4-Part Personal Finance Plan to Restore Your Confidence Increase Your Net Worth and Afford the Lifestyle of Your Dreams (Cassette)
- Digest of State Accountancy Laws and State Board Regulations, 2000
- EXAMNotes for Accounting (EXAMNotes)
- Financial Accounting: An Events and Cash Flow Approach
- Financial Accounting, Student CD: Tools for Business Decision-Making
- Financial Management For Public, Health, and Not-for-Profit Organizations (2nd Edition)
- Financial Statement Analysis: A Global Perspective
Books Index
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The Financial Numbers Game: Detecting Creative Accounting Practices
Financial Shenanigans: How to Detect Accounting Gimmicks & Fraud in Financial Reports, Second Edition
Quality of Earnings
Financial Statement Analysis: A Practitioner's Guide, 3rd Edition
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