Now showing items 1-11 of 11

    • Accounting Deja Vu: Have We Seen These Earnings Before? 

      Mulford, Charles W.; Ely, Michael L.; Hudson, Katie; Maloney, Kerianne; Moses, Andrew (Georgia Institute of Technology, 2003-04)
      A study released by the GAO in October 2002, Financial Statements Restatements: Trends, Market Impact, Regulatory Responses and Remaining Challenges, reported that the number of restatements increased 145% from 1997 to ...
    • Adjusted Free Cash Flow and the Dividend Payout of the S&P 100 

      Mulford, Charles W.; Ely, Michael L.; Maloney, Kerianne; Martins, Mario; Quiroz, Raul (Georgia Institute of Technology, 2003-12)
      Free Cash Dividend Payout, calculated by dividing common dividends by adjusted free cash flow, provides useful insight into the relationship between cash flow and dividends and a company’s ability to pay them in the future. ...
    • Cash Flow Reporting in the Presence of Overdrafts 

      Mulford, Charles W.; Ely, Michael L.; Hudson, Katie; Maloney, Kerianne; Moses, Andrew (Georgia Institute of Technology, 2003-01)
      Numerous companies maintain cash overdraft balances. These seemingly innocuous accounts can have material effects on reported amounts of cash and operating cash flow. In this report we survey reporting practices for ...
    • Cash Is Truth, Or Is It? Adjusting Operating Cash Flow to Obtain an Improved Measure of Corporate Performance 

      Mulford, Charles W.; Ely, Michael L.; Hudson, Katie; Maloney, Kerianne; Moses, Andrew (Georgia Institute of Technology, 2002-12)
      Operating cash flow in 2000 and 2001 for the S&P 100 was adjusted to remove items that may provide misleading signals of operating performance. Nine adjustments were made, separated into three categories - (1) where ...
    • Cash-Flow Reporting Practices for Customer-Related Notes Receivable 

      Mulford, Charles W.; Ely, Michael L.; Maloney, Kerianne; Quiroz, Raul; Martins, Mario (Georgia Institute of Technology, 2004-04)
      A sale made on open account boosts net income but does not provide operating cash flow until the related amount due from the customer has been collected. Accordingly, in computing operating cash flow, subtractions must be ...
    • Excess Cash Margin and the S&P 100 

      Mulford, Charles W.; Ely, Michael L.; Maloney, Kerianne; Martins, Mario; Quiroz, Raul (Georgia Institute of Technology, 2003-11)
      Excess Cash Margin, ECM, calculated by dividing by revenue the difference between adjusted operating cash flow and adjusted operating earnings, provides useful insight into the relationship between cash flow and earnings. ...
    • Free Cash Flow and Compensation: A Fashionable Fad or Something More? 

      Mulford, Charles W.; Ely, Michael L.; Maloney, Kerianne; Quiroz, Raul; Martins, Mario (Georgia Institute of Technology, 2004-06)
      As instances of alleged cases of accounting fraud and earnings management have increased in recent years there has been a "discovery" of sorts of free cash flow by investors, analysts and the financial press. Such a ...
    • Off Balance Sheet Entities: A Preliminary Look at the Effects of Interpretation 46 

      Mulford, Charles W.; Ely, Michael L.; Hudson, Katie; Maloney, Kerianne; Moses, Andrew (Georgia Institute of Technology, 2003-03)
      On January 17, 2003, the Financial Accounting Standards Board (FASB) issued Interpretation No. 46 – Consolidation of Variable Interest Entities. Given companies' widespread use of VIEs (formerly SPEs) to finance their ...
    • A Re-examination of Cash Flow Reporting in the Presence of Overdrafts 

      Mulford, Charles W.; Ely, Michael L.; Hudson, Katie; Maloney, Kerianne; Moses, Andrew (Georgia Institute of Technology, 2003-06)
      Numerous companies maintain cash overdraft balances. These seemingly innocuous accounts can have material effects on reported amounts of cash and operating cash flow. In this report, updated from the original published in ...
    • Seeking Guidance for the Dow? Try GDP 

      Mulford, Charles W.; Ely, Michael L.; Maloney, Kerianne; Martins, Mario; Quiroz, Raul; Jayaraman, Narayanan (Georgia Institute of Technology, 2004-12)
      With the Dow Jones Industrial Average once again trading above 10,000, investors understandably are wondering where the blue chips are headed next. An interesting long-term perspective on the subject can be gained by ...
    • SFAS No. 150 and Mandatorily Redeemable Preferred Stock 

      Mulford, Charles W.; Ely, Michael L.; Maloney, Kerianne; Martins, Mario; Quiroz, Raul (Georgia Institute of Technology, 2003-10)
      In May 2003, the Financial Accounting Standards Board (FASB) issued Statement of Financial Accounting Standards No. 150 – Accounting for Certain Financial Instruments with Characteristics of Both Liabilities and Equity. This ...