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ID:44701250
大小:161.53 KB
页数:7页
时间:2019-10-25
《1440766_财务会计:会计预警信号-accounting red flags》由会员上传分享,免费在线阅读,更多相关内容在行业资料-天天文库。
1、Accounting:FocusontheRedFlagsWrittenbyRichardM.RockwoodMay2002©Copyright2002,FocusInvestor.com.Allrightsreserved.Thismaterialisforpersonaluseonly.ItisaviolationoffederalcopyrightlawtoreproducepartorallofthispublicationwithoutwrittenpermissionfromFocusInves
2、tor.com.Thegoalofthisshortarticleistoshowtheinvestorexamplesofhowcompaniescanmanipulatetheirreportedearnings.Thisarticlealsoprovidesinformationonwhatwarningssignstolookfor.Thearticlehastakeninformationfromavarietyofsourcesinordertoprovidethereaderwithaquic
3、koverviewofaccountingredflags.Focusedinvestorspracticingportfolioconcentrationshouldbeparticularlyawareoftheseissues.Ihavewrittenthearticlefortheindividualinvestorwhohasanintermediatelevelofaccountingknowledge.ThatbeingsaidIbelievethebeginninginvestorwitho
4、nlyamoderateunderstandingofaccountingwillbenefitfromaclosereadingofthisarticleiffornootherreasonthattounderstandwhatelementsofaccountingtheyshouldstudymoreclosely.Whilethisarticlefocusesonaccountingissuesallinvestorsshouldinvestigatethemanagementteamofacom
5、panybeforeinvestingsincethemanagementteamhassuchastronginfluenceofanycompaniesoperationsandhowtheyreporttheirresults.TothisendIwouldstronglyurgeallinvestorstofirststudythewaymanagementtreatstheirshareholders.Dotheyprovideanaccuratepictureoftheirbusinessint
6、heirannualreport?Dotheydiscussthenegativeissuesinadditiontothepositiveones?Iftheytreattheshareholderslikeownersandbehaveethicallytheninthevastmajorityofcasesthisaccountingredflaglistwillnotbeneeded.ListofAccountingRedFlags1.CompaniesConductingLargeAmountso
7、fMergerActivityCompaniesthathaveexperiencedaslowdowninthegrowthoftheirbusinessesorthathavealreadybeenpracticingaccountingdeceptionsmayusemergeractivitytomasktheslowdownintheircorebusinessand/orusetheactivitytotheiradvantagebyattemptingtomaskongoingaccounti
8、ngdeceptions.Inthecaseofongoingaccountingdeceptionsmanagementwilloftentrytocontinuetheirdeceptionsbyinitiatinganaggressiveacquisitionstrategy.Theresultingrestructuringchargestakenasaresultoftheacquisitionscan
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