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Strategies & Market Trends : Three Amigos Stock Thread

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To: milesofstyles who wrote (7186)	7/26/1998 1:43:00 PM
From: Sergio H	Read Replies (1) of 29382

Miles, great illustration using companies A, B and C each choosing a different accounting method to report an acquisition. There are controls and standarts in place to monitor false reporting or manipulation. The first item to look for are the footnotes at the bottom of the financial report. The footnotes should detail the accounting method used and provide references as to compliance with SEC regulations, and additional information if necessary such as citing FASB or AICPA accounting principles. Comparable transactions are subject to the consistency doctrine. Co. A would need to ensure that accounting for acquisition 1 is treated similarly to acquisition 2. The dual aspect of accounting can also be used to scan for manipulation. Total assets = Total liabilities + owner's equity Sergio

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