Hidden Financial Risk by J.Edward Ketz

Hidden Financial Risk by J.Edward Ketz

Archive Page

Get Hidden Financial Risk by J.Edward Ketz at Salaedu.com

Forex Trading – Foreign Exchange Course

You want to learn about Forex?

Foreign exchange, or forex, is the conversion of one country’s currency into another.
In a free economy, a country’s currency is valued according to the laws of supply and demand.
In other words, a currency’s value can be pegged to another country’s currency, such as the U.S. dollar, or even to a basket of currencies.
A country’s currency value may also be set by the country’s government.
However, most countries float their currencies freely against those of other countries, which keeps them in constant fluctuation.

Description

An insider’s guide to understanding and eliminating accounting 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.

Table of Contents

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.

Author Information

1. 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).

Archivepage

Get Hidden Financial Risk by J.Edward Ketz at Salaedu.com