The Financial Numbers Game: Detecting Creative Accounting Practices / Edition 1

The Financial Numbers Game: Detecting Creative Accounting Practices / Edition 1

by Charles W. Mulford, Eugene E. Comiskey
     
 

ISBN-10: 0471770736

ISBN-13: 9780471770732

Pub. Date: 09/05/2005

Publisher: Wiley

Praise for The Financial Numbers Game

"So much for the notion 'those who can, do?those who can't, teach.' Mulford and Comiskey function successfully both as college professors and real-world financial mercenaries. These guys know their balance sheets. The Financial Numbers Game should serve as a survival manual for both serious individual investors and

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Overview

Praise for The Financial Numbers Game

"So much for the notion 'those who can, do?those who can't, teach.' Mulford and Comiskey function successfully both as college professors and real-world financial mercenaries. 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. 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. The Financial Numbers Game provides a clear explanation of the ways in which management can stretch, bend, and break accounting rules to reach the desired bottom line. 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 level course in financial statement analysis. Mulford and Comiskey's latest book should be required reading for anyone who is serious about fundamentally analyzing stocks." —Harry Domash, San Francisco Chronicle investing columnist and investment newsletter publisher

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Product Details

ISBN-13:
9780471770732
Publisher:
Wiley
Publication date:
09/05/2005
Pages:
408
Sales rank:
675,766
Product dimensions:
7.04(w) x 10.00(h) x 1.05(d)

Table of Contents

1Financial Numbers Game1
2How the Game Is Played19
3Earnings Management: A Closer Look57
4The SEC Responds93
5Financial Professionals Speak Out127
6Recognizing Premature or Fictitious Revenue159
7Aggressive Capitalization and Extended Amortization Policies201
8Misreported Assets and Liabilities237
9Getting Creative with the Income Statement: Classification and Disclosure279
10Getting Creative with the Income Statement: Pro-Forma Measures of Earnings317
11Problems with Cash Flow Reporting345
Subject Index379
Company Index391

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