Creative Cash Flow Reporting
Uncovering Sustainable Financial Performance
Erschienen am 29. April 2005
432 Seiten
978-0-471-71441-5 (ISBN)
Beschreibung
Successful methodology for identifying earnings-related reportingindiscretions
Creative Cash Flow Reporting and Analysis capitalizes on currentconcerns with misleading financial reporting on misleadingfinancial reporting. It identifies the common steps used to yieldmisleading cash flow amounts, demonstrates how to adjust the cashflow statement for more effective analysis, and how to use adjustedoperating cash flow to uncover earnings that have been misreportedusing aggressive or fraudulent accounting practices.
Charles W. Mulford, PhD, CPA (Atlanta, GA), is the coauthor ofthree 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 TheFinancial Numbers Game: Identifying Creative Accounting Practices.
Rezensionen / Stimmen
"This book is a must-have reference for anyone interested in serious financial statement analysis and uncovering manipulations to earnings from creative reporting of cash flows." (Graziado Business Report.com; Issue 4, Vol 10, 2007)Weitere Details
Weitere Ausgaben
Personen
Charles W. Mulford, PhD, CPA, is Invesco Chair and Professorof Accounting in the College of Management at the Georgia Instituteof Technology in Atlanta. He has coauthored three books, includingthe bestselling The Financial Numbers Game, published byWiley. He has appeared on numerous broadcast networks, includingCNBC, ABC News, and Bloomberg TV. He regularly consults with majordomestic and international commercial banks and money managementfirms on issues related to credit and investment decision-making.
Eugene E. Comiskey, PhD, CPA, CMA, is Associate Dean forFaculty and Research, Callaway Chair, and Professor of Accountingin the College of Management at the Georgia Institute of Technologyin Atlanta. For more than twenty years, he has consulted withcommercial banks around the world. He is the coauthor of threebooks, including The Financial Numbers Game, and haspublished numerous papers in a wide range of professional andacademic journals.
Inhalt
Foreword.
Preface.
About the Authors.
1. Seeking Sustainable Cash Flow.
An Artificial Boost to Operating Cash Flow.
Classifying Cash Flow.
Sustainable Cash Flow.
Creative Cash Flow Reporting.
Ignoring the Statement of Cash Flows.
Cash Flow Analysis.
Plan of This Book.
Summary.
2. Structure of the Statement of Cash Flows.
Historical Background.
Arrival of the Statement of Cash Flows.
Non-GAAP Measures of Cash Operating Performance.
International Differences in the Statement of Cash Flows.
Summary.
3. Is It Operating or Investing Cash Flow?
Investing Cash Flow.
GAAP Flexibility: Is It Operating or Investing Cash Flow?
Beyond the Boundaries of GAAP.
Summary.
4. Is It Operating or Financing Cash Flow?
Financing Cash Flow.
GAAP Flexibility: Is It Operating or Financing Cash Flow?
Beyond the Boundaries of GAAP.
Summary.
5. Income Taxes and the Statement of Cash Flows.
Tax Reporting Essentials.
Classification of Tax-Related Cash Flow.
Nonrecurring Income Tax Cash Flows.
Summary.
6. Nonrecurring Sources and Uses of Operating CashFlow.
Characteristics of Nonrecurring Items of Operating CashFlow.
Examples of Nonrecurring Cash Sources and Uses.
Management Identification of Nonrecurring Operating CashFlow.
Locating Nonrecurring Items of Operating Cash Flow.
Cash Flow Tracking.
Summary
7. Measuring Sustainable Operating Cash Flow.
Sustainable Operating Cash Flow.
Calibrating Operating Cash Flow Adjustments.
Measuring Sustainable Operating Cash Flow.
Completed Sustainable Operating Cash Flow Worksheet.
Frequency and Size of Adjustment Items.
Summary.
8. Using Operating Cash Flow to Detect EarningsProblems.
Relationship between Earnings and Operating Cash Flow.
Earnings Supported by Artificial Means.
Excess Cash Margin.
Summary.
9. Analyzing Operating Cash Flow.
Cash Flow Analysis Statement.
Using the Cash Flow Analysis Statement.
Cash Flow Drivers.
Closer Look at Core Operating Cash Flow.
Summary.
10. Understanding Free Cash Flow.
Uses of Free Cash Flow.
What Is Free Cash Flow?
Free Cash Flow to Common Equity: A Closer Look.
Capital Expenditures.
Acquisitions and Free Cash Flow.
Summary.
Glossary.
Subject Index.
Company Index.
