Sound Investing : Uncover Fraud and Protect

Publicized accounting scandals at Enron, WorldCom, etc. has stirred tremendous interest in financial reportingExplains where to look for signs of deceit and what to look for, while avoiding tedious bookkeeping topics and talk of debits or creditsCovers the latest tricks, such as special purpose entities and derivativesTips for investigating the reports of mutual funds as well as company stocksDetails new disclosures required by Sarbanes-Oxley

Kate Mooney is a certified public accountant and a full professor of accounting at St. Cloud State University, where she helps run the forensic accounting program. She is also the author of The Essential Dictionary of Accounting (Barnes & Noble, 2004).

Acknowledgments	p. xi
The Financial Environment-A Crime Scene?
The Financial Pressure	p. 3
The Opportunity	p. 11
The Rationalization	p. 19
Background, Theories, and Concepts that Form the Framework of Accounting
Revenue Recognition	p. 25
Cost Allocation	p. 33
Valuation of Assets and Liabilities	p. 37
Cash versus Accrual	p. 45
Detecting the Truth on the Income Statement and Statement of Stockholders Equity
Revenue Hoaxes	p. 55
Expense Dodges	p. 67
One-Time Charges and Other Format Fakes	p. 77
Crafty Comprehensive Income	p. 85
Stock Account Ploys	p. 93
Retained Earnings Evidence	p. 99
Uncovering Clues on the Balance Sheet
Asset Scams	p. 105
Liability Tricks	p. 115
Classification Deceit	p. 123
Off-Balance-Sheet Shams	p. 129
Spotting Clues in the Notes to the Financial Statements
Significant Accounting Policies and Changes in Them	p. 135
Related-Party Transaction Ruse	p. 143
Contingency Caper	p. 149
Evaluating the Evidence in the Annual Report and SEC Filings
Cash from Operations Cons	p. 159
Management Discussion and Analysis	p. 167
Internal Control	p. 171
The Auditors' Opinion	p. 177
Change in Auditors	p. 183
Pro Forma Earnings	p. 189
Executive Talent or Deceit	p. 195
Glossary	p. 201
Using EDGAR	p. 207
Using XBRL	p. 219
Financial Frauds/Scandals	p. 243
Index	p. 251
Table of Contents provided by Ingram. All Rights Reserved.

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Sound Investing : Uncover Fraud and Protect Your Portfolio

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