Reading Financial Reports For Dummies. Lita Epstein

rel="nofollow" href="#u31957de2-f71a-5ea9-9201-8d3963093195">Part 5: The Many Ways Companies Answer to Others Chapter 17: How Companies Find Errors: The Auditing Process Inspecting Audits and Auditors Examining Records: The Role of the Auditor Filling the GAAP Chapter 18: Government Regulations and Reporting Requirements Checking Out the 10-Q Introducing the 10-K Investigating Internal Controls Uncovering the Ways Companies Keep in Compliance Digging into Board Operations Finding Out about Insider Ownership Chapter 19: Creating a Global Financial Reporting Standard Why Develop a Worldwide Financial Standard? Key Moves to Reshape Global Financial Reporting Who Benefits from a Global Standard and How? Key Differences between GAAP and IFRS Chapter 20: Understanding the Analyst–Corporation Connection Typecasting the Analysts Regarding Bond-Rating Agencies Delving into Stock Rating Taking a Look at How Companies Talk to Analysts Chapter 21: How Companies Communicate with Shareholders Making the Most of Meetings Checking Out How the Board Runs the Company Sorting through Reports Catching Up on Corporate Actions Culling Information from Analyst Calls Staying Up-to-Date Using Company Websites Regarding Reinvestment Plans Chapter 22: Keeping Score When Companies Play Games with Numbers Getting to the Bottom of Creative Accounting Unearthing the Games Played with Earnings Exploring Exploitations of Expenses Finding Funny Business in Assets and Liabilities Playing Detective with Cash Flow

      10  Part 6: The Part of Tens Chapter 23: Ten Financial Scandals That Rocked the World Enron Madoff Citigroup Adelphia WorldCom/MCI Tyco Waste Management Bristol-Myers Squibb Halliburton Arthur Andersen Chapter 24: Ten Signs That a Company's in Trouble Lower Liquidity Low Cash Flow Disappearing Profit Margins Revenue Game Playing Too Much Debt Unrealistic Values for Assets and Liabilities A Change in Accounting Methods Questionable Mergers and Acquisitions Slow Inventory Turnover Slow-Paying Customers

      11  Glossary

      12  Index

      13  About the Authors

      14  Advertisement Page

      15  Connect with Dummies

      16  End User License Agreement

      List of Tables

      1 Chapter 4TABLE 4-1 Effect of Debits and Credits

      2 Chapter 8TABLE 8-1 Cash Flows from Operating Activities

      3 Chapter 15TABLE 15-1 Accounts Receivable Aging Schedule for ABC Company, as of July 31, 20...

      4 Chapter 20TABLE 20-1 Bond Ratings

      List of Illustrations

      1 Chapter 6FIGURE 6-1: The account format.FIGURE 6-2: The report format.FIGURE 6-3: The financial position format.

      2 Chapter 7FIGURE 7-1: The single-step format.FIGURE 7-2: The multistep format.

      3 Chapter 8FIGURE 8-1: The direct method.FIGURE 8-2: The indirect method.FIGURE 8-3: The investing activities