FORENSIC ACCOUNTING - BA124 - Spring 2005Slide 12-1 Today’s Topics n Shenanigan #3 n Cases and Applications.

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FORENSIC ACCOUNTING - BA124 - Spring 2005Slide 12-1 Today’s Topics n Shenanigan #3 n Cases and Applications

FORENSIC ACCOUNTING - BA124 - Spring 2005Slide 12-2 Shenanigan #3- Boosting (Operating) Income n Technique #1: n Selling of undervalued assets n Technique #2: n Including investment gains in ops. income n Technique #3: n Reducing opex by investment gains n Technique #4: n Reclassifying balance sheet accounts

FORENSIC ACCOUNTING - BA124 - Spring 2005Slide 12-3 Transparency is Key n Are the #s telling the story or making the story? n Is the company managing the business or managing the #s? n What is, is? versus What is. Is! n Recall SFAC #1 n Improved decision making n Insight into future cash flows n Resource information

FORENSIC ACCOUNTING - BA124 - Spring 2005Slide 12-4 Shenanigan #3 Specifics n Table 6-1 n Lets consider each item n Table 6-2 n Weaselotomy 101 n Don’t over-react to pension issues n Technique #4 n Mark-to-market games