Table of Contents

Contents Revenue Recognition Stock Options: The Great Accounting Fallacy Off-Balance-Sheet Financing Risk Coverage, Derivatives and Hybrid Instruments Recognition of expenses, balance sheet alterations, cash flow and quality of earnings Subjectivness in the Consolidation of Companies Creative Accounting in Public and Private Entities Bibliography Index

About the Author

IGNACIO DE LA TORRE is Professor of Creative Accounting and Academic Director of the Masters in Finance programmes at the IE Business School, Madrid, Spain. He has worked as an equity research analyst in major investment banks and is the author of two previously published books in Spain.