Hidden Financial Risk (eBook)
312 Seiten
John Wiley & Sons (Verlag)
978-0-471-46847-9 (ISBN)
fraud
How do these high-profile accounting scandals occur and what could
have been done to prevent them. Hidden Financial Risk fills that
void by examining methods for off balance sheet accounting, with a
particular emphasis on special purpose entities (SPE), the
accounting ruse of choice at Enron and other beleaguered companies.
J. Edward Ketz identifies the incentives for managers to deceive
investors and creditors about financial risk and also shows
investors how to protect their investments in a world filled with
accounting and auditing frauds.
J. Edward Ketz, PhD (State College, PA) is MBA Faculty Director and
Associate Professor of Accounting at Penn State's Smeal College of
Business. He has been cited in the press nearly 300 times since
Enron's bankruptcy, including The New York Times, The Wall Street
Journal, and The Washington Post.. He has a regular column in
Accounting Today.
J. EDWARD KETZ, PhD, is MBA Faculty Director and Associate Professor of accounting at Penn State's Smeal College of Business. He has been cited in the press over 500 times since Enron's bankruptcy, and is well known as an accounting expert as attested in writings, vast citations in the press and on television, including the New York Times, the Wall Street Journal, and the Washington Post. His column "Accounting Annotations" is published in Accounting Today and his column "Accounting Cycle: Wash, Rinse, and Spin" appears regularly at SmartPros.com. He is also the author of Bridge Accounting: Procedures, Systems, and Controls (Wiley).
Preface.
PART I. MY INVESTMENTS WENT OUCH!
1. What? Another Accounting Scandal?
2. Balance Sheet Woes.
PART II. HIDING FINANCIAL RISK.
3. How to Hide Debt with the Equity Method.
4. How to Hide Debt with Lease Accounting.
5. How to Hide Debt with Pension Accounting.
6. How to Hide Debt with Special Purpose Entities.
PART III. FAILURES THAT LED TO DECEPTIONS.
7. The Failure of Managers and Directors.
8. The Failure of the Auditing Profession.
9. The Failure of Regulation.
10. The Failure of Investors.
PART IV. MAKING FINANCIAL REPORTS CREDIBLE.
Chapter 11. Andersen Has the Solution--Really!
Bibliography.
Index.
"Ketz' discussion is fascinating, although all too useful to future
scamsters wanting to find out just how those clever guys at Enron
did it." (UPI Business and Economics, August 11, 2003)
| Erscheint lt. Verlag | 8.8.2003 |
|---|---|
| Sprache | englisch |
| Themenwelt | Recht / Steuern ► Strafrecht ► Kriminologie |
| Sozialwissenschaften | |
| Wirtschaft ► Betriebswirtschaft / Management ► Rechnungswesen / Bilanzen | |
| Schlagworte | Accounting • Corporate Finance • Rechnungswesen • Wirtschaft |
| ISBN-10 | 0-471-46847-9 / 0471468479 |
| ISBN-13 | 978-0-471-46847-9 / 9780471468479 |
| Haben Sie eine Frage zum Produkt? |
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