Hidden Financial Risk: Understanding Off-balance Sheet Accounting Book + PRICE WATCH * Amazon pricing is not included in price watch

Hidden Financial Risk: Understanding Off-balance Sheet Accounting Book

What went wrong and how to fix it "This is a book that well represents the skeptical, probing, and doubting spirit of the time. Professor Ketz explores the ways corporate management and auditors can `spin' financial reporting to misinform investors. It is written so that the individual investor can grasp the ideas but will be useful for investment analysts and audit committee members who need a lively briefing in how to spot questionable accounting." -- John H. Biggs Former chairman and Chief Executive Officer TIAA - CREF "Ed Ketz brilliantly illustrates how the improper application of accounting rules misleads users of financial statements. This book is an indispensable resource and greatly enhances one's understanding of the many obscure footnotes found in today's financial statements." -- Albert Meyer 2nd Opinion Research, Plano, TX It is now painfully clear that "earnings management" has managed little, other than some short-term gain for a handful of managers and a long-term catastrophic erosion of the public faith in financial reporting. But it is not too late for the accounting industry to turn back from the brink. Edward Ketz lays out several specific problems in the financial reporting arena, describes how the system failed to correct any of these problems, and suggests a compelling course of action for improvement in Hidden Financial Risk: Understanding Off-Balance Sheet Accounting. Chapter by chapter, Ketz explains how firms hide debt using: The equity method Lease accounting Pension accounting Special Purpose Entities and then illustrates the failures of directors, auditors, regulators, and investors to detect and eliminate these tools of deception. He concludes by drawing upon his thirty years' experience to propose how the industry can learn to identify fraud and ultimately restore investor confidence. Executives, accountants, and individual and institutional investors will find Hidden Financial Risk to be a powerful examination of the present, shifting accounting landscape.Read More

from£N/A | RRP: £27.95
* Excludes Voucher Code Discount Also available Used from £N/A
  • 0471433764
  • 9780471433767
  • J. Edward Ketz
  • 30 July 2003
  • John Wiley & Sons
  • Hardcover (Book)
  • 288
As an Amazon Associate we earn from qualifying purchases. If you click through any of the links below and make a purchase we may earn a small commission (at no extra cost to you). Click here to learn more.

Would you like your name to appear with the review?

We will post your book review within a day or so as long as it meets our guidelines and terms and conditions. All reviews submitted become the licensed property of www.find-book.co.uk as written in our terms and conditions. None of your personal details will be passed on to any other third party.

All form fields are required.