Courses Infomation

Hidden Financial Risk by J.Edward Ketz

Forex Trading – Foreign Exchange Course

You want to learn about Forex?

Foreign exchange, or forex, is the conversion of one country’s currency into another.
In a free economy, a country’s currency is valued according to the laws of supply and demand.
In other words, a currency’s value can be pegged to another country’s currency, such as the U.S. dollar, or even to a basket of currencies.
A country’s currency value may also be set by the country’s government.
However, most countries float their currencies freely against those of other countries, which keeps them in constant fluctuation.

Description

A how-to manual for recognizing and preventing accounting fraud
What might have been done to stop these high-profile accounting disasters, and how do they happen. With a focus on special purpose entities (SPE), the accounting ploy of choice at Enron and other troubled corporations, Hidden Financial Risk fills this gap by exploring off balance sheet accounting techniques. In addition to pointing out the motivations behind managers’ attempts to mislead creditors and investors about financial risk, J. Edward Ketz teaches readers how to safeguard their investments in a world rife with accounting and auditing fraud.
The MBA Faculty Director and Associate Professor of Accounting at Penn State’s Smeal College of Business is J. Edward Ketz, PhD (State College, PA). Since Enron’s collapse, he has been referenced approximately 300 times in the media, including The New York Times, The Wall Street Journal, and The Washington Post. He contributes often to Accounting Today.

Summary of Contents

Preface.

INVESTMENTS I MADE WENT OUCH, PART I

Another accounting scandal, what?
Balance Sheet Problems

HIDING FINANCIAL RISK (PART II).

How to Use the Equity Method to Hide Debt.
How to Use Lease Accounting to Hide Debt.
How to Use Pension Accounting to Hide Debt.
How to Use Special Purpose Entities to Hide Debt

FAILURES THAT RESULTED IN DECEPTIONS, PART III.

The Directors’ and Managers’ Failure.
The Auditing Profession’s Failure.
Regulation’s failure.
The investors’ failure.

PART IV: IMPLEMENTING CREDIBLE FINANCIAL REPORTS.

Section 11. Really, Andersen has the answer!

Bibliography.

Index.

Details about the Author
At Penn State’s Smeal College of Business, EDWARD KETZ, PhD, is an associate professor of accounting and the MBA Faculty Director. In articles, numerous citations in the media and on television, including the New York Times, the Wall Street Journal, and the Washington Post, he has been referenced in the press more than 500 times since Enron’s bankruptcy. He is also well recognized as an accounting expert. His columns “Accounting Annotations” and “Accounting Cycle: Wash, Rinse, and Spin” are both routinely published in Accounting Today and SmartPros.com, respectively. Bridge Accounting: Procedures, Systems, and Controls is another book he wrote (Wiley).

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