Archivo mensual: septiembre 2014

QS World University Rankings 2014 – Accounting & Finance

The annual QS World University Rankings is a comprehensive guide to the world’s top universities in a range of popular subject areas. Using data on reputation and research citations, the rankings highlight the 200 top universities in the world for 30 individual subjects.

QS World University Rankings by Subject 2014 – Accounting & Finance

Ranking Accounting & Finance

http://www.topuniversities.com/university-rankings

Anuncios

Pescanova: the Collapse of a Giant

Abstract:

The CNMV, according to the article 85 of the LMV, requests Pescanova their 2012 financial statements as soon as possible. Also, the regulator requires from the company additional information on their balance sheets, debt conditions and the overcome and not paid debts. Pescanova, aware of the impossibility to submit this information to the regulator in the short term, acknowledged the CNMV that some differences between their accounting and their banking debts had just come up. These differences could be significant and were already being double-checked, for supervision and settlement, by their auditor BDO Auditores S. L. in order to correct them as soon as possible. The first alarm was raised by creditor banks. The Central Bank’s system for risks accounting sets the debt of the group in € 2,500 million, whereas the balance sheets show a liability of around € 1,600 million. Where did the difference go?

Number of Pages in PDF File: 14

Keywords: Bankruptcy, financing sources, Stock Market, convertible bonds, equity capital, forensic report.

JEL Classification: G12, G23, G33, M21

working papers series

You can access my papers on the Social Science Research Network (SSRN) at:

http://ssrn.com/author=2051540