Large frauds can often be detected by performing financial statement analysis. Although such analysis can raise areas
Question:
1. Identify possible red flags.
2. Indicate if reasonable explanations exist for the areas ofconcern.
Transcribed Image Text:
KELLY ENTERPRISES, INC. STATEMENT OF CASH FLOWS FOR THE PERIOD ENDED DECEMBER 31, 2012 IN MILLIONS Cash from Operations Net income Change in accounts receivable Change in accounts payable Change in inventory Depreciation Net cash from operations Cash from Investing Additions to property, plant, and equipment Proceeds from sale of securities Net cash from investing Cash from Financing Borrowings of long-term delbt Cash dividends Net cash from financing Increase (decrease) in cash 2012 2011 2010 S900 (706) 150 (50) 105 S 499 S800 (230) 45 15 90 S 450 25 90 25 65 s (950) 25 S (925 s (690) 56 s (634 (790) S(775) 250 140) S 110 S (316) (150) 85 S 65 S 121 S 34 45
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Related Book For
Fraud examination
ISBN: 978-0538470841
4th edition
Authors: Steve Albrecht, Chad Albrecht, Conan Albrecht, Mark zimbelma
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