Profits You Can Trust: Spotting & Surviving Accounting Landmines: Spotting and Surviving Accounting Landmines - Rilegato

Sherman, David; Young, David; Collingwood, Harris

Rilegato

ISBN 10: 0131001965 ISBN 13: 9780131001961

Casa editrice: Ft Pr, 2003

Riassunto

Profits You Can Trust gives managers, directors, lenders, audit partners and analysts a clear framework to demystify global financial reporting in a market fraught with danger. Filled with provocative and enlightening examples, it offers a fresh perspective and clear guidance for everyone involved withfinancial reporting strategy and communication, as well as specific and easily understood questions that must be asked to avoid accounting landmines that can destroy even the most successful business. The authors begin with an overview of the challenges of financial literacy for business decision-makersoperating in both U.S. and global environments, the reasons decision-makers tacitly "conspire" to inflate stated revenues and reduce stated costs, and how "small" lies inevitably lead to bigger ones. Next, using easy-to-understand examples, they discuss six key accounting minefields in detail. These includerevenue recognition; provision for uncertain future costs; asset values; risk management and the use of derivatives; related party transactions; and performance benchmarking. Finally, they turn to the key questions and lessons arising from recent financial scandals, including accounting firm conflict ofinterest; why Generally Accepted Accounting Practices aren't always sufficient; assessing mergers, acquisitions, and restructuring reserves; and the appropriate role of non-financial measurements such as balanced scorecards.

Su questo libro

L'autore

About the Authors

H. David Shermanis a Professor at Northeastern University’s College of BusinessAdministration, and an Adjunct Professor at the Tufts University School ofMedicine. He has served on the faculty of the MIT Sloan School of Management,and as a visiting faculty member at INSEAD in Fontainebleau, France. ProfessorSherman is a Certified Public Accountant (CPA) and received his MBA andDoctorate degrees from Harvard Business School. His research has long focusedon financial reporting, performance measurement/management, and financialliteracy issues facing corporate management and Boards of Directors in globalbusinesses. David has served as a director and manager of several businesses,and has consulted on financial performance issues with major corporations aswell as the U.S. Department of Defense and the Financial Accounting StandardsBoard. (Email: h.sherman@neu.edu)

S. David Young isa Professor at INSEAD, one of the world’s leading business schools. Hisgeneral expertise is in the area of corporate financial management,specializing in how companies can align their business systems with thevalue-creation imperative. He is the co-author of EVA and Value BasedManagement: A Practical Guide to Implementation, and has served as an advisorand consultant to many companies in Europe, Asia, and North America.

HarrisCollingwood is a journalist specializing in business and finance. His work hasappeared in the Harvard Business Review, the New York Times Magazine, Inc.,Worth, and many other publications. He lives in Cambridge, Massachusetts.

Product Description

Book by Sherman David Young David Collingwood Harris

Dettagli dell'edizione

• Editore: Ft Pr
• Data di pubblicazione: 2003
• Lingua: Inglese
• ISBN 10: 0131001965
• ISBN 13: 9780131001961
• Rilegatura: Copertina rigida
• Numero di pagine: 250
• Contatto del produttore: non disponibile
• Persona responsabile: non disponibile