Год выпуска: 2005 Автор: Charles W. Mulford, Eugene E. Comiskey Издательство: John Wiley and Sons, Ltd Страниц: 432 ISBN: 0-471-46918-1
Описание
Contrary to popular opinion, managers have a degree of discretion in reporting operating cash flow. In this era, when the trustworthiness of reported earnings is in question, a reliance on as-reported operating cash flow is not the convenient substitute measure of financial performance that it might appear to be. "Creative Cash Flow Reporting: Uncovering Sustainable Financial Performance" identifies how the routine application of either current accounting standards or other measures employed by some companies can yield misleading operating cash flow statements in financial analysis. When adjusted using the methods described in this clear guide, operating cash flow is a more effective tool for uncovering reported earnings that have been increased through questionable means. Premature or fictitious revenue will result in growing receivables but not cash. Also, steps taken to misstate inventory might boost gross profit and net income but will not reflect cash flow. The same...
