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.
Download 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."
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
Practical examples of all important concepts and procedures enrich this clear, logical, and popular guide to financial accounting. This new edition updates material about cash flows and accounting rules and includes new information about accounting software, payroll accounting and federal income taxes. The hundreds of problems with step-by-step solutions prepare students for success with everyday practice and with the CPA exam. Typical exam questions with answers help students measure their comprehension and progress.
Customer Reviews:
Straight and to the point.......2006-07-27
Most texts I've read on Accounting (from my father's extensive library) are long on explanation and short on worked examples. The Schaum series on Accounting is just the opposite. No need to wade through a ton of explanation. A short explanation is followed by worked examples and numerous test questions followed by the answers, fully worked. I'm just starting out in accounting, and sometimes the concepts didn't really gel with me. But by doing the test questions, and in particular being able to check the results and supplied workings, I found that I learnt the principles much more quickly than I would have otherwise, and was able to retain the understanding.
I borrowed this book from my local library, but then I decided it was a perfect reference book to own.
And I bought almost the entire set of the Schaum's accounting series on the strength of my experience with this learning approach.
An excellent book - an excellent series.
Well Organized Material.......2005-11-23
Schaum's Financial Accounting is a well-written book which augmented my accounting studies.
I especially like the way the table of content is organized. The first three chapters provide an introduction to financial accounting, financial statements and the process of analyzing and recording transactions.
The next three chapters spend time on adjusting and closing entries and then on trial balance worksheets (both for service-oriented and merchandise-oriented businesses). This sets the stage for examining all major aspects of the balance sheet, which chapters 7 through 12 cover.
Following Schaums Outlines typical format, this book presents material in an easy-to-understand manner and then offers the reader with opportunities to solidify their understanding of course material through "Solved Problems" and chapter-end questions.
Shim and Siegel do a fine job of keeping material concise while discussing all major topical points.
They conclude their book with chapters covering partnerships, financial statement analysis, statement of cash flows and multinational operations.
This book merits a 3 1/2 star rating. You might consider Schaums Principles of Accounting I and II for a more thorough examination of the same topical material. However, if you wish to buy just "one book" to augment your studies, "Financial Management" would be a fine choice.
Schaum's Financial Accounting 2 Ed. .......2005-10-14
I am an accounting student. I love this book! I have bought all the Schaum's books related to Accounting. If I had to choose just one book, it would be this one. I get lost trying to follow our textbook. I open this puppy up and it has everything. I'm able to follow the explanations and examples without any problem. Trust me! You will not be disappointed. I was very impressed by how fast my books got to me. I had books coming to me within 2 days. In less than one week's time, I had all 7 books. It really is worth it. :-)
Good Investment.......2000-09-28
I bought this book to complement a senior level financial accounting course that I took. The book is concise, provides plenty of examples, and helps to solidify theories & actual practices of financial accounting. There are plenty of exercises to go through to help solidify your practical understanding of the material. I found that it was particulary useful to help me review & brush up before my tests in my financial accounting course. Overall a good investment.
Book Description
Techniques of Financial Analysis, Ninth Edition approaches business as a system of fundamentals which is activated by management decisions, investment, operations and financing. The ValueSource software is essential to analyze your firm's financial performance, financial budgets, business dynamics and business value. This thoroughly updated and revised bestseller is a practical action guide to: managing for shareholder value; understanding your business system; analyzing and projecting financial performance; evaluating capital investments; understanding the cost of capital; choosing financing alternatives; valuing a business and its parts.
Customer Reviews:
Don't try to learn anything from this book.......2002-11-21
This may be a great book if you already know everything about finance. I've taken MBA level Finance courses, and quite honestly, I found this book difficult to understand. The author casually mentions financial concepts without defining them and expect you to understand complex financial theories he hasn't covered.
I tried to do the questions at the end of each chapter, and while there is an answer guide, it does nothing to explain how the answer was derived. How you get the answer is the important part, but this text won't give you any assistance. Plus, some of the answers were just plain wrong (I checked with several experts).
There are better texts out there - your time is better spent elsewhere.
Would have been good w/o the errors.......2002-07-21
If you read a financial text w/o checking the numbers, you wouldn't find the mistakes. This book has had too many, because I am checking the numbers. I had to cross reference this book with a Financial Accounting text b/c I kept thinking I was incorrect.
All I have to say is take a look at pages 100, 101, 102 for great examples of the many mistakes. I am not happy.
By the way, I picked up this book from a friend in order to gauge whether I would buy the new version. Guess what I am not going to buy?
The most well-thought-out book of its kind!.......1999-11-01
Professor Helfert's graphic presentations have caused concepts to gel that were amorphous in my mind for years despite an investment banking background. I would recommend this book as a first book to anyone interested in quickly obtaining a bird's eye view of the business entity from a "business systems" approach. Helfert's position is that of an engineer or a scientist: Every business has a structure that can be indentified, analyzed, and then manipulated to increase shareholder value.
Every new issue refers back to the Investment, Operations, Financing structure Helfert lucidly charts out in the introductory chapter. If this is old hat to you, and you've read Corp. Fin. by Brealy & Meyers (sp?), maybe you don't need this book. All others: BUY IT!!!
It's the best book that I had read.......1999-07-07
I read russian translation of this book. There are only 8000 examples in russian and this book became a deficit in 1996 (when it was published in Russia). Now I want to read the English (original) version of this wonderful book. The most impressions are from the detailed (comprehensive) theory with detailed exercises and notes.
Let say my Great Thanks to author for his excellent book.
With regards, Sergey Krupin
Terrible!!.......1999-01-07
This is the worst text book I have ever purchased for a class. It is full of errors and is very difficulty to follow. There are not enough practice problems and the answer key does not give enough information as to how the answer came about. There are discrepencies from one page to the next.
Customer Reviews:
Entertaining and not on the subject.......2004-11-26
This book is full of the author's entertaining video-shooting experiences, told in an entertaining style. It contains almost nothing of what the title and commercial blurbs suggest it contains. If you are (like me) an amateur video maker looking for tips on creating a higher-quality product while living off your day job,look elsewhere. His definition of "no-budget" includes having to rent an old helicopter, rather than a new one, for an aerial shot. The text is full of unexplained technical and slang references to filters, lights, and other equipment but it doesn't matter that you don't understand them because if you're really no-budget you can't afford them anyway.
There are a few real gems, like the opening chapter on the history of various video technologies, but these just emphasize the point -- buy this book if you want to be entertained, not if you want to learn anything practical.
Great ways to get it done on low budgets.......2003-04-10
This is a very cool book for any novice, student or video professional who is faced with producing commercials and videos with very little budget to work with. Clearly the author has been challenged by a variety of clients on an assortment of projects. There is a lot to learn by reading his experiences and solutions to these challenges.
In production, we tend to think our creativity will be exercised primarily in the development of concepts and scripts, but often that creativity must be tapped for technical problem solving. This book inspires one to look at low budgets and logistical nightmares as opportunities to be creative...to "make the shot" in the face of adversity, with limited lighting instruments, small crews and even insufficient available cameras.
I found "No-Budget Digital Filmmaking" to be a wonderful addition to my library of film and video production books. Its a great reference one can turn too should similar challenges present themselves on any production.
Good job Mr. Gloman, and thanks.
East Read.......2003-03-15
A great book for anyone who has no budget and a willingness to learn
Great Read.......2003-03-13
I learned quite a bit from this informative text. I enjoyed the humorous approach
Not a "how to" book, but "how I did it" case studies........2003-02-02
Using examples from his own long career, the author offers hints, tips and tricks on how to make videos on the cheap. Not only does he tell you how he produced videos with few resources, but he gives a wonderful overview of how you can make a living with your video camera.
On the other hand, although it says "digital filmmaking" in the title, there is really very little technical information about digital video here. Nor will you find much technical information on cinematography, directing, production or editing. If you need technical help, look elsewhere. But there is plenty of inspiration here.
If you can get past the endless typos and the author's annoying and unrelenting attempts at humor, you'll be inspired, but not educated.
Average customer rating:
|
The Art of Reckoning: Analysis of Performance Criteria (Statistic Modelling and Decision Science, Vol, 1)
Samuel Eilon
Manufacturer: Academic Pr
ProductGroup: Book
Binding: Hardcover
 Corporate Finance
| Finance
| Business & Investing
| Subjects
| Books
Management & Leadership
| Business & Investing
| Subjects
| Books
| Business Ethics
| Consolidation & Merger
| Decision-Making & Problem Solving
| Distribution & Warehouse Management
| Industrial
| Information Management
| Leadership
| Management
| Management Science
| Motivational
| Negotiating
| Operations Research
| Planning & Forecasting
| Pricing
| Production & Operations
| Project Management
| Quality Control
| Risk Assessment
| Statistics
| Strategy & Competition
| Systems & Planning
| Systems Analysis
| Teams
| Total Quality Management
| Training
ASIN: 0122340809 |
Book Description
A growing number of companies are tying their performance measures to the creation of shareholder value. This study documents this trend through interviews with executives at 12 case-study companies, and also analyzes survey responses from an additional 153 companies. Case studies describe how economic value added, cash flow return on investment, traditional accounting measures, and other performance measures are calculated, tied to companiesÕ strategic plans, related to capital budgeting, and used to evaluate and compensate managers. The case-study companies are American Optical Corporation, AT&T Corp., The Boeing Company, The Clorox Company, E. I. du Pont de Nemours and Co., Federal Signal Corporation, Meredith Corporation, FMC Corporation, National Semiconductor Corporation, PepsiCo, Inc., Pioneer Hi-Bred International, Inc., and Simon Property Group, Inc.
Book Description
This digital document is an article from Orange County Business Journal, most recently published by CBJ, L. P. on September 5, 2004. The length of the article is 864 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: Looking Past Broadcom's Inventory Finds Lots of Cash
Author: Andrew Simons
Publication:
Orange County Business Journal (News)
Date: September 5, 2004
Publisher: CBJ, L. P.
Volume: 27
Issue: 35
Page: 21
Distributed by ProQuest Information and Learning
Average customer rating:
- Author's Synopsis
- Great Aid for New Business
- Truly a book for business lifetime
- New concept for linking profit & stock value to weekly sales
- Takes the mystery out of complicated accounting concepts
|
Performance Cash
Martin D'Amico
Manufacturer: 1st Books Library
ProductGroup: Book
Binding: Paperback
General
| Popular Economics
| Business & Investing
| Subjects
| Books
General
| Business & Investing
| Subjects
| Books
General
| Accounting
| Industries & Professions
| Business & Investing
| Subjects
| Books
General
| Accounting
| Accounting & Finance
| Professional & Technical
| Subjects
| Books
ASIN: 1403368627 |
Customer Reviews:
Author's Synopsis.......2003-08-24
Cash Flow and Operating Earnings can be made
statisically correct or Hours and Unit Data
will tell you the reasons why not.
Great Aid for New Business.......2003-06-20
I am a retired math teacher who started my own business. I can't believe what some arithmetic calculations within an excel spreadsheet revealed about my business. On a daily basis, I was given everything I needed to know about my sales activity.
Truly a book for business lifetime.......2003-06-13
As a market executive I could not believe what the bench marks told me about my retail business. It is a must for any company.
New concept for linking profit & stock value to weekly sales.......2003-06-10
Profit and Stock value linked to weekly sales. This is a book with data destined to replace EPS for the entire Financial world.
Takes the mystery out of complicated accounting concepts.......2003-05-29
A practical, simple and revolutionary solution to managing or evaluating any business! The author provides not only a framework for a new, simpler and more effective way of measuring operational performance on a weekly basis but also, provides detailed examples to fit any business model. An easy read and well worth one's time.
Book Description
This digital document is an article from Engineering Economist, published by Institute of Industrial Engineers, Inc. (IIE) on December 22, 2001. The length of the article is 3343 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.
From the author: ANANDI P. SAHU is professor of economics at Oakland University, (Rochester, Michigan.) He received a Ph.D. degree from Washington University (St. Louis, Missouri.) He has published in a number of journals including the Southern Economic Journal, Financial Services Review, Quarterly Journal of Business and Economics, Review of Business and Economic Research, and Public Finance Quarterly. He is also the editor of two books on public policy.
Citation Details
Title: The Association Between the Use of Sophisticated Capital Budgeting Practices and Corporate Performance.(Statistical Data Included)
Author: Edward J. Farragher
Publication:
Engineering Economist (Refereed)
Date: December 22, 2001
Publisher: Institute of Industrial Engineers, Inc. (IIE)
Volume: 46
Issue: 4
Page: 300(12)
Article Type: Statistical Data Included
Distributed by Thomson Gale
Books:
- Currency Overlay: A Practical Guide
- Design for Six Sigma : A Roadmap for Product Development
- Essential Project Investment Governance and Reporting: Preventing Project Fraud And Ensuring Sarbanes-Oxley Compliance
- Essentials of Cost Accounting for Health Care Organizations (2nd Edition)
- Essentials of Credit, Collections, and Accounts Receivable
- Essentials of Supply Chain Management, 2nd Edition (Essentials (John Wiley))
- Exploring Microsoft Office 2003 Volume 2 (Grauer Exploring Office 2003 Series)
- Family Math : The Middle School Years, Algebraic Reasoning and Number Sense
- Financial Accounting, with Annual Report
- Financial Management: Principles and Applications (10th Edition)
Books Index
Books Home
Recommended Books
- Tax Havens Today: The Benefits and Pitfalls of Banking and Investing Offshore
- Designer Beadwork: Beaded Crochet Designs
- There's a Customer Born Every Minute: P.T. Barnum's Secrets to Business Success
- The Science of Star Wars: An Astrophysicist's Independent Examination of Space Travel, Aliens, Plane
- A Dictionary of Japanese Food: Ingredients & Culture
- Euripides' Bacchae: Translation, Introduction and Notes
- Arizona-Sonora Desert Museum Book of Answers
- The Effects of Third-Party Bad Faith Doctrine on Automobile Insurance Costs and Compensation 2001
- The Role of Annuity Markets in Financing Retirement
- Zayni Barakat
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
Standard & Poor's Fundamentals of Corporate Credit Analysis
