Download e-book for iPad: Asian Financial Statement Analysis : Detecting Financial by ChinHwee Tan

By ChinHwee Tan

ISBN-10: 1118486528

ISBN-13: 9781118486528

ISBN-10: 111848665X

ISBN-13: 9781118486658

ISBN-10: 1118542592

ISBN-13: 9781118542590

ISBN-10: 1119204763

ISBN-13: 9781119204763

Gain a deeper figuring out of Asian monetary reporting and the way to discover irregularities

The Asian sector, and especially China, is turning into a hotbed of funding task. there were various accounting scandals in Asia within the contemporary years – now rivaling these we've seen within the Americas and Europe. Assessing strength or energetic in another country investments calls for reliance on monetary statements, the entire parameters of that can range from zone to area. To successfully examine statements, it will be important to first comprehend the framework underlying those monetary statements after which lay out a protocol for detecting irregularities. it really is very unlikely to create and enforce a realistic plan and not using a deeper wisdom of many of the components at play.

Asian assertion research: Detecting monetary Irregularities offers a framework for research that makes irregularities stand out. Authors Chin Hwee Tan and Thomas R. Robinson speak about overseas monetary reporting criteria, together with features specific to the Asian sector. Tan and Robinson's mixed heritage in academia and Asian finance supply them a multi-modal standpoint and place them as best professionals at the subject. within the e-book, they tackle concerns such as:

  • Detection of irregularities self sustaining of specific accounting rules
  • The most typical irregularities within the Asian market
  • Similarities and ameliorations among U.S. and Asian accounting techniques
  • An overarching framework for irregularity detection

The publication makes use of real-world examples to demonstrate the suggestions awarded, with the point of interest on Asian businesses. because the first ever in-depth research on manipulation and irregularities within the Asian industry, Asian financial plan research: Detecting monetary Irregularities is uniquely located to be a priceless source within the stream towards the following part of world reporting standards.

Show description

Read or Download Asian Financial Statement Analysis : Detecting Financial Irregularities PDF

Similar finance books

Wall Street: A History by Charles R. Geisst PDF

Wall road is the stuff of legend and a resource of nightmares, a strength so robust in American society--and, certainly, in global economics and culture--that it has develop into a virtually common image of either the top aspirations of industrial good fortune and the basest impulses of greed and deception. How did one of these small, centred pocket of reduce new york got here to have such huge, immense impact in nationwide and global affairs.

Digital Phoenix: Why the Information Economy Collapsed and by Bruce Abramson PDF

Whereas we have been watching for the web to make us wealthy -- again once we proposal all we needed to do used to be to shop for lottery tickets referred to as dotcom stocks -- we overlooked the genuine tale of the knowledge financial system. That tale, says Bruce Abramson in electronic Phoenix, happened on the intersection of expertise, legislations, and economics.

New PDF release: Bank On Yourself: The Life-Changing Secret to Growing and

The Wall road magazine, united states at the present time, and BusinessWeek bestseller financial institution On your self: The Life-Changing mystery to growing to be and retaining Your monetary destiny unearths the secrets and techniques to taking again keep watch over of your monetary destiny that Wall road, banks, and bank card businesses don’t wish you to understand.

New PDF release: Tax Savvy for Small Business, Sixth Edition

As an lawyer with greater than 20 years of expertise, i will be able to very easily file that this ebook does a superb activity of delivering small company tax info and suggestions. each small company proprietor should still get and skim this ebook! Mitch Jackson, Esq. [. .. ] and [. .. ]

Extra info for Asian Financial Statement Analysis : Detecting Financial Irregularities

Example text

Consequently, the most common motivation for accounting games comes from a desire to make earnings look better than they actually are. 8). Some companies go to extremes by doing both. In any of these cases, the company’s earnings and hence retained earnings on the balance sheet will be overstated. 9 Potential Balance Sheet Impacts Assets = Liabilities + Owners’ Equity Assets = Liabilities + Owners’ Equity Assets = Liabilities + Owners’ Equity company must do one of the following: overstate assets, understate liabilities, or understate some other equity account (most likely other comprehensive earnings).

Gains and losses are transactions that are related to secondary or peripheral activities and are normally reported on a net basis in the non-operating portion of the income statement (near the bottom). For example, if a restaurant has surplus kitchen equipment that has a remaining cost basis of HKD 80,000 that it does not need and sells to a used equipment dealer for HKD 100,000, then the net HKD 20,000 gain is reported in the nonoperating section rather than reporting HKD 100,000 of revenue and separately HKD 80,000 of expense.

Indd 25 Revenues − Expenses + Gains − Losses = Earnings 19-03-2014 16:01:34 26 Asian Financial Statement Analysis: Detecting Financial Irregularities Since the revenue is received in cash, there is no difference between earnings and cash flow in this case—the company reports the same amount as cash flow from operating activities. 3. How would this differ if this were a legitimate transaction, but instead of receiving cash, the company received a promise to pay within a certain number of days—called an accounts receivable or trade receivable?

Download PDF sample

Asian Financial Statement Analysis : Detecting Financial Irregularities by ChinHwee Tan


by James
4.3

Rated 4.77 of 5 – based on 49 votes