The Financial Numbers Game: Detecting Creative Accounting Practices

The Financial Numbers Game: Detecting Creative Accounting Practices

by Charles W . Mulford (Author), EugeneE.Comiskey (Author)

Synopsis

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 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, 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 seem.

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More Information

Format: Hardcover
Pages: 407
Publisher: John Wiley & Sons
Published: 01 Mar 2002

ISBN 10: 0471370088
ISBN 13: 9780471370086

Media Reviews
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 Charles W. Mulford outlines a few basic guidelines for detecting-and preventing-creative accounting. (SmartPros/Accounting News and Insights, March 2002)
Author Bio
CHARLES W. MULFORD is Invesco Chair and Professor of Accounting and EUGENE E. COMISKEY is Callaway Chair and Professor of Accounting in the DuPree College of Management at the Georgia Institute of Technology in Atlanta. Both have doctorates in accounting and are professionally qualified as Certified Public Accountants. They also actively consult with lenders at commercial banks in the United States and abroad. Professors Mulford and Comiskey have published numerous articles on financial reporting and analysis issues in leading academic and professional journals. Their other books include Financial Warnings and Guide to Financial Reporting and Analysis.