Asian Financial Statement Analysis

Beschreibung

Gain a deeper understanding of Asian financial reporting and howto detect irregularities The Asian region, and particularly China, is becoming a hotbedof investment activity. There have been quite a few accountingscandals in Asia in the recent years - now rivaling those wehave seen in the Americas and Europe. Assessing potential or activeoverseas investments requires reliance on financial statements, thefull parameters of which may vary from region to region. Toeffectively analyze statements, it is necessary to first understandthe framework underlying these financial statements and then layout a protocol for detecting irregularities. It's impossible tocreate and implement a practical plan without a deeper knowledge ofthe various factors at play. Asian Statement Analysis: Detecting FinancialIrregularities provides a framework for analysis that makesirregularities stand out. Authors Chin Hwee Tan and Thomas R.Robinson discuss international financial reporting standards,including characteristics particular to the Asian region. Tan andRobinson's combined background in academia and Asian finance givethem a multi-modal perspective and position them as top authoritieson the topic. In the book, they address issues such as: * Detection of irregularities independent of particularaccounting rules * The most common irregularities in the Asian market * Similarities and differences between U.S. and Asian accountingtechniques * An overarching framework for irregularity detection The book uses real-world examples to illustrate the conceptspresented, with the focus on Asian companies. As the first everin-depth study on manipulation and irregularities in the Asianmarket, Asian Financial Statement Analysis: Detecting FinancialIrregularities is uniquely positioned to be a valuable resourcein the move toward the next phase of global reportingstandards.

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ChinHwee Tan

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"Written by Tan Chin Hwee, the founding partner in Asia for ApolloGlobal Management, a leading US$162 billion global alternativeinvestor, among the top three largest in the world; and TomRobinson, professor of accounting and head of education at the CFAInstitute, the book offers a practical framework for performingforensic financial analysis and detecting accountingirregularities." - Daniel Yu, The Asset "But what if investors were armed with practical tips on what tolook for in assessing companies--espeically avoiding the dodgy ones(and maybe even profiting by taking a short sale position)? Here iswhere Asian Financial Statement Analysis: Detecting FinancialIrregularities may become the seminal book that equips investorswith what to look out for when assessing investment opportunitiesin Asia." - Daniel Yu, The Asset "Tan and Robinson write that corporate governance has been theAchilles' heel for minority equity shareholders in Asia. Despitebeing publicly traded, they say that many companies are sitlleffectively controlled by the founder or his family; there isnothing inherently wrong with this, but the real winners in manycompanies are not the minority shareholders. Investors in thisregion, therefore, will need to be extra vigilant and this bookgoes a long way in helping strengthen their position." - Daniel Yu,The Asset
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