The Financial Numbers Game: Detecting Creative Accounting Practices  pdf可搜索版
作者Charles W. Mulford, Eugene E. Comiske

• ASIN ‏ : ‎ B000SEP3EG
• Publisher ‏ : ‎ Wiley; 1st edition (March 11, 2008)
• Publication date ‏ : ‎ March 11, 2008
• Language ‏ : ‎ English
• File size ‏ : ‎ 6214 KB
  

To hide falling profits, some managers ply the flexibility found in accounting principles to alter their financial reports. Others go further and use fraud in their deception. It is vitally important that investors, analysts, and other users of financial statements detect these creative accounting practices as early as possible in order to avoid negative earnings surprises and potential share-price declines. 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 seem.

Authors Mulford and Comiskey also describe the flexibility built into the GAAP principles and discuss ways companies can take advantage of that flexibility while remaining within the rules of proper reporting. The role of the SEC in enforcing securities laws is explored, as are the specific statutes the SEC uses to prosecute those it deems to have gone too far. The authors present the results of a survey of important financial professionals on their views of the propriety of many financial reporting practices and on the steps they use to detect creative accounting practices. This survey shows a wide range of opinions on what is allowable and the best methods for detecting what is not allowable.