Titlebook: Reading Between the Lines of Corporate Financial Reports; In Search of Financi Jacek Welc Book 2020 The Editor(s) (if applicable) and The A

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978-3-030-61043-2The Editor(s) (if applicable) and The Author(s), under exclusive license to Springer Nature Switzerl

Sciatica

Most Common Distortions in a Financial Statement Analysis Caused by Objective Weaknesses of AccountEven financial statements which are prepared in a full compliance with the effective accounting regulations may not be entirely reliable or comparable (in time or between various firms), since they are prone to objective weaknesses of accounting methods.

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鐵塔等

Evaluation of Financial Statement Reliability and Comparability Based on Quantitative Tools Other TSome businesses are featured by non-negligible share of deferred revenues in total liabilities. Deferred revenues reflect amounts of money (coming from sales of products or services), that have been already collected from customers, but in which case a revenue recognition (in income statement) is postponed to future periods.

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Jacek WelcOutlines practical analytical techniques to reading between the lines of corporate financial reports in order to better evaluate company performance.Presents real-life case studies and examples of pre

消耗

Deliberate Accounting Manipulations: Introduction and Revenue-Oriented Accounting Gimmicks,d of subjective judgments, which are embedded in accounting standards (such as IFRS or US GAAP), in order to manipulate reported numbers. Such manipulations are typically aimed either at artificially inflating (i.e. overstating) reported profits or at achieving smoother time-series patterns of reported financial results.

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Evaluation of Financial Statement Reliability and Comparability Based on Quantitative Tools Other Ton and narrative disclosures in financial reports) had a qualitative nature, while the third one was based on quantitative accounting inputs (i.e. relative changes of cash flows and accounting earnings).

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