Gaap-Games Applying Accounting Principles
Copyright © 2007 ACBA - All Rights Reserved
BusinessAllstars.com

Company          Date
Account	Yr[2]new	Yr[1]old	Calculations	Ratios	Manipulated Normal
Sales
Cost of Goods Sold {COGS}			[2] AR / Sales [1] AR / Sales	X	1.465 X 1.031 X
Depreciation Expense {DE}
Cash			[1] (Sales-COGS) / Sales [2] (Sales-COGS) / Sales	X	1.193 X 1.014 X
Accounts Receivable {AR}
Current Assets {CA}			[2] 1-((CA+NFA) / TA) [1] 1-((CA+NFA) / TA)	X	1.254 X 1.039 X
Fixed Assets
Accumulated Depreciation			[2] Sales [1] Sales	X	1.607 X 1.134 X
Net Fixed Assets {NFA}
Total Assets {TA}			[2] WC - [1] WC less [2] Cash - [1] Cash less [2] ITP - [1] ITP less [2] DE [2] TA	X	0.031 X 0.018 X
Income Tax Payable {ITP}
Current Liabilities {CL}
Working Capital {WC}
Measuring the 'Earnings Manipulation' of a company: Beneish Ratios http://www.acfe.com/resources/view.asp?ArticleID=416 http://www.aicpa.org/pubs/jofa/aug2001/wells.htm http://www.investopedia.com/terms/b/beneishmodel.asp