4ImplementingAccountingAnalysis14.1Recastingfinancialstatements..............................................................................................14.1.1现金流量结构分析..............................................................................................94.1.2流动性分析..........................................................................................................104.1.3收益质量分析.....................................................................................................104.1.4获取现金能力分析............................................................................................114.1.5财务弹性分析.....................................................................................................114.2AssetDistortions................................................................................................................134.2.1Whoownsorcontrolsresources?...............................................................................144.2.2Caneconomicbenefitsbemeasuredwithreasonablecertainty?...................................144.2.3Howfairvaluesofassetsdeclinedbelowbookvalue？.............................................144.3Overstatedassets(andearnings)...........................................................................................174.3.1Delayinwritingdowncurrentassets........................................................................174.3.2Underestimatedreserves(e.g.,allowancesforbaddebtsorloanlosses)........................194.3.3Accelerated(Aggressive)recognitionofrevenues(increasingreceivables)......................244.3.4DelayinwritingdownLong-termassets...................................................................254.3.5Understateddepreciationoramortizationonlong-termassets．...............................254.4Understatedassets..............................................................................................................254.4.1Overstatedwrite-downsofcurrentassets..................................................................264.4.2Overestimatedreserves(e.g.,allowancesforbaddebtsorloanlosses)...........................274.4.3Overstatedwrite-downsoflong-termassets...............................................................274.4.4Overstateddepreciationoramortizationonlong-termassets......................................274.4.5Excludedgoodwillassetsthroughtheuseofpoolingaccounting.................................274.4.6Leaseassetsoffbalancesheet....................................................................................324.4.7Discountedreceivablesoffbalancesheeteventhoughthefirmstillretainsconsiderablecollectionrisk.............................................................................................................................324.4.8KeyintangibleassetssuchasR&Dandbrands,notreportedonthebalancesheet......334.5Liabilitydistortions............................................................................................................374.5.1Unearnedrevenuesareunderstatedthroughaggressiverevenuerecognition................374.5.2Liabilitiesfromdiscountedreceivablesareoffbalancesheet.......................................374.5.3Long-termliabilitiesforleasesareoffbalancesheet....................................................384.5.4Pensionandpost-retirementobl...
