Director | Exposing Creative Accounting, Bucephalus Research Partnership

Robert Medd

Director | Exposing Creative Accounting

Exposing Creative Accounting

Bucephalus Research Partnership

Bucephalus Research Partnership Limited. Exposing Creative Accounting.

At the Bucephalus Research Partnership (BRP) we analyse financial statements using our accountant's practical experience and our own quantitative algorithms for corporate governance, accounting risk and peer performance.

Our thematic research refines our unique algorithms while our single stock research focuses on examples where we discover a significant gap between published accounts and business reality.

​Bucephalus Research Partnership:
- Is an independent fee-based research service
- Does not take proprietary positions, long or short
- Does not solicit business or fees from the corporates we review

Forensic Accounting

Takeda Pharmaceutical / Forensic Accounting

<p>Falling interest rates and ageing populations that live longer are proving to be a toxic combination for defined benefit pension plans and, despite many plans being closed, pension deficits continue to grow. Although deficits are no longer a surprise, we suspect investors and pensioners have yet to focus on the detailed assumptions used by managements and how they might affect pension solvency, valuations and corporate strategies.</p><p>In many cases, pension discount rates and forecast returns have…</p>

Falling interest rates and ageing populations that live longer are proving to be a toxic combination for defined benefit pension plans and, despite many plans being closed, pension deficits continue to grow. Although deficits are no longer a surprise, we suspect investors and pensioners have yet to focus on the detailed assumptions used by managements and how they might affect pension solvency, valuations and corporate strategies.In many cases, pension discount rates and forecast returns have…

Pension Problems in Asia: Sacrificing the Staff for Bigger Bonuses