{"product_id":"creative-cash-flow-reporting-uncovering-sustainable-financial-performance-hardcover","title":"Creative Cash Flow Reporting: Uncovering Sustainable Financial Performance - Hardcover","description":"\u003cp\u003eby \u003cb\u003eCharles W. Mulford\u003c\/b\u003e (Author), \u003cb\u003eEugene E. Comiskey\u003c\/b\u003e (Author)\u003c\/p\u003e\u003cp\u003eSuccessful methodology for identifying earnings-related reporting indiscretions\u003cbr\u003e 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.\u003cbr\u003e 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.\u003c\/p\u003e\u003ch3\u003eFront Jacket\u003c\/h3\u003e\u003cp\u003e\u003c\/p\u003e\u003cp\u003e\u003cb\u003eCREATIVE \u003ci\u003ecash flow\u003c\/i\u003e REPORTING\u003c\/b\u003e \u003c\/p\u003e\u003cp\u003eUncovering Sustainable Financial Performance \u003c\/p\u003e\u003cp\u003eContrary to popular opinion, managers have a degree of discretion in reporting operating cash flow. In this era, when the trustworthiness of re ported 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. \u003c\/p\u003e\u003cp\u003e\u003ci\u003eCreative Cash Flow Reporting: Uncovering Sustainable Financial Performance\u003c\/i\u003e 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. \u003c\/p\u003e\u003cp\u003eWhen 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 is true about aggressive cost capitalization and other creative accounting acts. \u003c\/p\u003e\u003cp\u003e\u003ci\u003eCreative Cash Flow Reporting\u003c\/i\u003e demonstrates how to use adjusted operating cash flow to uncover earnings that have been misreported by even the most aggressive and fraudulent accounting practices. \u003c\/p\u003e\u003cp\u003eReal-world practice is demonstrated through the results of a study designed to adjust the cash flow statements of the S\u0026amp;P 100 for the years 2000, 2001, and 2002. Many companies included in this sample had significant differences between reported and adjusted operating cash flow. The book is illustrated using hundreds of actual and recent company financial reports and applies recommendations to a large sample of actual companies. \u003c\/p\u003e\u003cp\u003e\u003ci\u003eCreative Cash Flow Reporting: Uncovering Sustainable Financial Performance\u003c\/i\u003e is a must-have reference for serious readers of financial statements, including equity analysts and investors, credit professionals, serious individual investors, professional money managers, and anyone interested in uncovering true sustainable financial performance.\u003c\/p\u003e\u003ch3\u003eBack Jacket\u003c\/h3\u003e\u003cp\u003e\u003c\/p\u003e\u003cp\u003e\u003cb\u003eCREATIVE \u003ci\u003ecash flow\u003c\/i\u003e REPORTING\u003cbr\u003e Uncovering Sustainable Financial Performance\u003c\/b\u003e \u003c\/p\u003e\u003cp\u003eContrary 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. \u003c\/p\u003e\u003cp\u003e\u003ci\u003eCreative Cash Flow Reporting: Uncovering Sustainable Financial Performance\u003c\/i\u003e 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. \u003c\/p\u003e\u003cp\u003eWhen 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 is true about aggressive cost capitalization and other creative accounting acts. \u003c\/p\u003e\u003cp\u003e\u003ci\u003eCreative Cash Flow Reporting\u003c\/i\u003e demonstrates how to use adjusted operating cash flow to uncover earnings that have been misreported by even the most aggressive and fraudulent accounting practices. \u003c\/p\u003e\u003cp\u003eReal-world practice is demonstrated through the results of a study designed to adjust the cash flow statements of the S\u0026amp;P 100 for the years 2000, 2001, and 2002. Many \u003c\/p\u003e\u003cp\u003ecompanies included in this sample had significant differences between reported and adjusted operating cash flow. The book is illustrated using hundreds of actual and recent company financial reports and applies recommendations to a large sample of actual companies. \u003c\/p\u003e\u003cp\u003e\u003ci\u003eCreative Cash Flow Reporting: Uncovering Sustainable Financial Performance\u003c\/i\u003e is a must-have reference for serious readers of financial statements, including equity analysts and investors, credit professionals, serious individual investors, professional money managers, and anyone interested in uncovering true sustainable financial performance.\u003c\/p\u003e\u003ch3\u003eAuthor Biography\u003c\/h3\u003e\u003cp\u003e\u003c\/p\u003e\u003cp\u003e\u003cb\u003eCHARLES W. MULFORD, PHD, CPA, \u003c\/b\u003e is Invesco Chair and Professor of Accounting in the College of Management at the Georgia Institute of Technology in Atlanta. He has coauthored three books, including the bestselling \u003ci\u003eThe Financial Numbers Game, \u003c\/i\u003e published by Wiley. He has appeared on numerous broadcast networks, including CNBC, ABC News, and Bloomberg TV. He regularly consults with major domestic and international commercial banks and money management firms on issues related to credit and investment decision-making. \u003c\/p\u003e\u003cp\u003e\u003cb\u003eEUGENE E. COMISKEY, PHD, CPA, CMA, \u003c\/b\u003e is Associate Dean for Faculty and Research, Callaway Chair, and Professor of Accounting in the College of Management at the Georgia Institute of Technology in Atlanta. For more than twenty years, he has consulted with commercial banks around the world. He is the coauthor of three books, including \u003ci\u003eThe Financial Numbers Game, \u003c\/i\u003e and has published numerous papers in a wide range of professional and academic journals.\u003c\/p\u003e\u003cdiv\u003e\n\u003cstrong\u003eNumber of Pages:\u003c\/strong\u003e 432\u003c\/div\u003e\u003cdiv\u003e\n\u003cstrong\u003eDimensions:\u003c\/strong\u003e 1.5 x 10 x 7.3 IN\u003c\/div\u003e\u003cdiv\u003e\n\u003cstrong\u003eIllustrated:\u003c\/strong\u003e Yes\u003c\/div\u003e\u003cdiv\u003e\n\u003cstrong\u003ePublication Date:\u003c\/strong\u003e January 20, 2005\u003c\/div\u003e","brand":"Books by splitShops","offers":[{"title":"Default Title","offer_id":51756091179296,"sku":"9780471469186","price":47.0,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0974\/9764\/5344\/files\/32ad4cd1440a1d3768fb1f42695981b0.webp?v=1780073894","url":"https:\/\/ebocreations.com\/products\/creative-cash-flow-reporting-uncovering-sustainable-financial-performance-hardcover","provider":"The E-Book Oasis LLC","version":"1.0","type":"link"}