Creative Cash Flow Reporting : Uncovering Sustainable Financial Performance,9780470893524

Creative Cash Flow Reporting : Uncovering Sustainable Financial Performance

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ISBN13: 9780470893524
ISBN10: 0470893524
Format: eBook
Pub. Date: 2010-06-01
Publisher(s): Wiley
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Summary

Successful methodology for identifying earnings-related reporting indiscretions Creative Cash Flow Reporting and Analysis capitalizes on current concerns with misleading financial reporting on misleading financial reporting. It identifies the common steps used to yield misleading cash flow amounts, demonstrates how to adjust the cash flow statement for more effective analysis, and how to use adjusted operating cash flow to uncover earnings that have been misreported using aggressive or fraudulent accounting practices. Charles W. Mulford, PhD, CPA (Atlanta, GA), is the coauthor of three books, including the bestselling The Financial Numbers Game: Identifying Creative Accounting Practices. Eugene E. Comiskey, PhD, CPA, CMA (Atlanta, GA), is the coauthor of the bestselling The Financial Numbers Game: Identifying Creative Accounting Practices.

Table of Contents

Foreword
Preface
About the Authors
Seeking Sustainable Cash Flow
An Artificial Boost to Operating Cash Flow
Classifying Cash Flow
Sustainable Cash Flow
Creative Cash Flow Reporting
Ignoring the Statement of Cash Flows
Cash Flow Analysis
Plan of This Book
Summary
Structure of the Statement of Cash Flows
Historical Background
Arrival of the Statement of Cash Flows
Non-GAAP Measures of Cash Operating Performance
International Differences in the Statement of Cash Flows
Summary
Is It Operating or Investing Cash Flow?
Investing Cash Flow
GAAP Flexibility: Is It Operating or Investing Cash Flow?
Beyond the Boundaries of GAAP
Summary
Is It Operating or Financing Cash Flow?
Financing Cash Flow
GAAP Flexibility: Is It Operating or Financing Cash Flow?
Beyond the Boundaries of GAAP
Summary
Income Taxes and the Statement of Cash Flows
Tax Reporting Essentials
Classification of Tax-Related Cash Flow
Nonrecurring Income Tax Cash Flows
Summary
Nonrecurring Sources and Uses of Operating Cash Flow
Characteristics of Nonrecurring Items of Operating Cash Flow
Examples of Nonrecurring Cash Sources and Uses
Management Identification of Nonrecurring Operating Cash Flow
Locating Nonrecurring Items of Operating Cash Flow
Cash Flow Tracking
Summary
Measuring Sustainable Operating Cash Flow
Sustainable Operating Cash Flow
Calibrating Operating Cash Flow Adjustments
Measuring Sustainable Operating Cash Flow
Completed Sustainable Operating Cash Flow Worksheet
Frequency and Size of Adjustment Items
Summary
Using Operating Cash Flow to Detect Earnings Problems
Relationship between Earnings and Operating Cash Flow
Earnings Supported by Artificial Means
Excess Cash Margin
Summary
Analyzing Operating Cash Flow
Cash Flow Analysis Statement
Using the Cash Flow Analysis Statement
Cash Flow Drivers
Closer Look at Core Operating Cash Flow
Summary
Understanding Free Cash Flow
Uses of Free Cash Flow
What Is Free Cash Flow?
Free Cash Flow to Common Equity: A Closer Look
Capital Expenditures
Acquisitions and Free Cash Flow
Summary
Glossary
Subject Index
Company Index
Table of Contents provided by Publisher. All Rights Reserved.

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