Description
Worldcom, Enron, Parmalat…a succession of financial scandals has made front page news throughout the world in recent times. In this book the author investigates the origin of creative accounting and explains how and why some companies use these shortcuts to cover different needs. Written in a clear, enjoyable style with a wealth of case studies. Contents Revenue Recognition Stock Options: The Great Accounting Fallacy Off-Balance-Sheet Financing Risk Coverage, Derivatives and Hybrid Instruments Recognition of expenses, balance sheet alterations, cash flow and quality of earnings Subjectivness in the Consolidation of Companies Creative Accounting in Public and Private Entities Bibliography Index
