Welcome to Scribd, the world's digital library. Read, publish, and share books and documents. See more
Download
Standard view
Full view
of .
Look up keyword
Like this
3Activity
0 of .
Results for:
No results containing your search query
P. 1
Guide to Understanding Financial Reporting Quality

Guide to Understanding Financial Reporting Quality

Ratings: (0)|Views: 18|Likes:
Published by dilfarazz

More info:

Categories:Types, Business/Law
Published by: dilfarazz on Feb 18, 2010
Copyright:Attribution Non-commercial

Availability:

Read on Scribd mobile: iPhone, iPad and Android.
download as PPT, PDF, TXT or read online from Scribd
See more
See less

09/14/2010

pdf

text

original

 
Hema Krishnamurthy
 
Items that affect the quality of information in the P&L a/c
Sales
Premature revenue recognition
Gross vs. Net sales
Allowance for doubtful accounts
Other income non-operating eg. Sale of fixedasset
Cost of goods sold –
Change in the method of inventory valuation
Change in the method of Depreciation
Capitalize expenses which are normally w/o
 
Items that affect the quality of information in the P&L a/c
Defer certain discretionary expenses
Make inadequate provisions by treatingthem as ‘Contingent liability”
Extra provisions in good years and write backin lean years
Revaluation of assets
Lengthening the accounting period

You're Reading a Free Preview

Download
scribd
/*********** DO NOT ALTER ANYTHING BELOW THIS LINE ! ************/ var s_code=s.t();if(s_code)document.write(s_code)//-->