Sound Investing: Uncover Fraud and Protect Your Portfolio

Sound Investing: Uncover Fraud and Protect Your Portfolio

by Kate Mooney, Kerry Marrer
     
 

View All Available Formats & Editions

(Kate Mooney/Sound Investing/0-07-148182-6/9780071481823)

(Back Cover Copy)

Are there dangerous red flags in the financial statements you've been receiving?

Do you know how to spot signs of trouble in the financial statements of firms you've invested your hard earned dollars in? Do you know what to look for? How to find it? What to do about

See more details below

Overview

(Kate Mooney/Sound Investing/0-07-148182-6/9780071481823)

(Back Cover Copy)

Are there dangerous red flags in the financial statements you've been receiving?

Do you know how to spot signs of trouble in the financial statements of firms you've invested your hard earned dollars in? Do you know what to look for? How to find it? What to do about it? This valuable knowledge could mean the difference between retiring with a healthy portfolio and suffering the devastating fallout of a scandal such as the Enron debacle.

Sound Investing is your insurance policy against fraudulent financial reporting. Financial accounting expert Kate Mooney gives you clear, easy-to-follow direction on finding red flags in financial statements, as well as the steps to take to act on these warning signs and build a solid wall of protection around your investments. You'll discover how to:

  • Interpret the financial disclosures of public corporations
  • Uncover clues to fiddling on the balance sheet
  • Detect truth on the income statement and statement of stockholder's equity
  • Identify the ruse in notes to the financial statements
  • Evaluate evidence in the annual report and SEC filings

(Flap Copy)

The widely publicized accounting scandals of Enron and WorldCom have underscored the importance of monitoring the financial statements of corporations you've invested in. Would you know where to look-or even what to look for-in these statements for signs of trouble or fraudulent reporting? And how would you protect your interests if you did?

Sound Investing is a clear, non-technical guide to spotting the red flags in the financial disclosures of public companies and using that information to safeguard your investment portfolio. Accounting professor and CPA Kate Mooney offers priceless guidnace on how to interpret the confusing financial information found in a company's statements as well as financial notes, SEC filings, and annual reports.

Writing in jargon-free language, Mooney examines how opportunities for deceitful accounting practices arise and details the most important principles needed to decipher your company's reports. Using recent corporate financial scandals as instructive case studies, Mooney outlines a framework for detecting falsehoods of all forms, from revenue hoaxes and expense dodges to asset scams and cash cons. Among the key topics she covers:

  • The latest tricks, such as special purpose entities and derivatives
  • New disclosures required by Sarbanes-Oxley that help to protect investors
  • One-time charges, retained earnings shams, and expense dodges in the income statement
  • Liability ruses and classification fiddling on the balance sheet
  • Changes in accounting policies and practices-and what they mean
  • The evaluation of pro forma earnings and management discussion and analysis

Complete with a glossary of key terms, Sound Investing is your hands-on guide to recognizing potential scandals and keeping your investment portfolio intact.

Kate Mooney, CPA, is Professor of Accounting at St. Cloud State University, where she helps run the forensic accounting program. A graduate of the Fraudwise Academy Bootcamp, Mooney has written numerous academic articles, is involved with several professional associations and societies, and has received numerous teaching awards. She is also the author of The Essential Dictionary of Accounting.

Kerry Marrer, CPA, is Director of Undergraduate Programs at St. Cloud State University, where she manages advising and curriculum issues for the College of Business.

Read More

Product Details

ISBN-13:
9780071594097
Publisher:
McGraw-Hill Education
Publication date:
10/05/2007
Sold by:
Barnes & Noble
Format:
NOOK Book
Pages:
304
File size:
2 MB

Customer Reviews

Average Review:

Write a Review

and post it to your social network

     

Most Helpful Customer Reviews

See all customer reviews >