The Financial Numbers Game: Detecting Creative Accounting Practices
| Author | : | |
| Rating | : | 4.84 (844 Votes) |
| Asin | : | 0471770736 |
| Format Type | : | paperback |
| Number of Pages | : | 408 Pages |
| Publish Date | : | 2016-12-25 |
| Language | : | English |
DESCRIPTION:
Specifics on detecting accouting issues John W. Taylor Though I agree with many of the other reviewers that parts of the book were redundant and focused too much on basic accounting, this is one of the first books I have read that provided very specific instruction on how to detect accounting irregularities. Most authors give an overview of what companies do, but this book gives you step-by-step on how to test a company's financials. For example, Chapter 11 identifies the ratio of adjusted cash flow from continuing operations to adjusted income from continuing continuing operations as being sensitive to earn. Frustrating but valuable Buce Mulford and Comiskey badly need an editor, clear-sighted and heartless. There is a wonderful book here, but it is maddeningly difficult to extract from the text as presented -- ill-organized and repetitive and in coverage, perhaps even haphazard (another reviewer note that they don't cover reserves -- true, and I wonder if this is simply an oversight?). That said, this remains the best introduction that I've seen to games managers play (and in which accountants cooperate). More extensive (and less jaunty) than Howard Schilit (Financial Shenanigans). For . Good book about issue facing accounting This book was required for my intermediate accounting class. The book has lots of great examples, though can sometimes be a little bit of a heavy read even if you're interested in the subject. Still, overall, it was very informative. The book I ordered was used but in excellent condition at a great price!
Mulford outlines a few basic guidelines for detecting-and preventing-creative accounting." ("SmartPros/Accounting News and Insights," March 2002) . "The author's purpose is "to equip the financial statement reader to better detect the use of creative accounting practices and avoid the equity-investment and credit-granting mistakes." A book for it's time" ("Strategic Finance," March 2002) "With the collapse of Enron Corp., the January debut of the "Financial Numbers Game" could not have arrived at a more perfect time. The book focuses on educating investors on how to spot "creative accounting Practices." Co-Author
This arms the serious investor or financial analyst with the healthy skepticism required to drive beyond reported results to a clear understanding of a firm's true performance." -Mark Hurley, Managing Director, Training and Development Global Corporate and Investment Banking, Bank of America "After reading The Financial Numbers Game, I feel as though I've taken a master's course in financial statement analysis. This unique blend of battle-earned scholarship and quality writing is a must-read/must-have reference for serious financial statement analysis." -Bob Acker, Editor/Publisher, The Acker Letter "Wall Street's unforgiving attention to quarterly earnings presents ever-increasing pressure on CFOs to manage earnings and expectations. These guys know their balance sheets. The Financial Numbers Game should serve as a survival manual for both serious individual investors and industry pros who study and act upon the interpretation of financial statements. Mulford and Comiskey's latest book should be required reading for anyone who is serious about fundamentally analyzing stocks." -Harry Domash, Investing Columnist, San Francisco Chronicle and Publisher, Winning Investing The Financial Numbers Game identifies the steps businesses may take to misstate financial performance and helps its readers to identify those situations where reported results may not be what they