Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : BFT: Will the tulip craze ever break down? -- Ignore unavailable to you. Want to Upgrade?

To: put2rich who wrote (199)	3/27/1998 7:35:00 PM
From: Pancho Villa	Respond to of 650

I don't have a name out of the top of my head, I am not an accounting Prof. I would recommend a combination of a Financial Accounting MBA level book and practice through Harvard cases and/or 10K/10Q of companies such as BFIT. I have considered starting a thread were I give the fundamentals and then we practice with simple examples until we graduate into stuff like BFIT's 10K but that takes a lot of time at no pay. In Argentina, I teach several times a year a two day crash course with a multimedia powerpoint presentation, Excel worksheets and a couple of Harvard cases which provides a fairly good working knowledge of the three key financial statements: the BS, IS, and CFS (Balance Sheet, Income statement and Cash Flow Statement) including how to put these together and interpret them through ratio analysis. Some people think the course is the equivalent of one year of accounting! But I get fairly well to do that there...I will promise you something if I stage a 10-15% come back during April, I will start the thread at SI! Pancho

To: put2rich who wrote (199)	3/27/1998 7:44:00 PM
From: Pancho Villa	Respond to of 650

Interesting from last week's Barron's which I am reading now as I was driving back from florida last weekend: Mickey Mouse Accounting - Abraham J. Briloff Using creative bookkeeping that has gone undetected until now, Disney has significantly enhanced its earnings. Is the game about over? interactive.wsj.com Guess which frim has a surprissing appearence in the piece on Mickey Mouse Accounting at Disney?: Striking, too, is the dramatic divergence between Disney's assessment of the fair value of Cap Cities/ABC's net tangible assets and the balance sheet developed for the network by Ernst & Young its independent certified public accountants, as of December 31, 1995 -- just 40 days prior to the closing of the merger. Indeed, Disney put Cap Cities/ABC's shareholder equity on the financial equivalent of a miracle diet, making the TV network's $4.5 billion of pre-acquisition shareholders' equity essentially disappear in the translation onto Disney's books. Does anyone recognize the accounting firm? Pancho