The Financial Numbers Game: Detecting Creative Accounting Practices 9780471770732 fb2 免费 lrf 下载 kindle azw3 pdf 阿里云

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.

1 Financial Numbers Game. Rewards of the Game. Classifying

Creative Accounting Practices. Plan of This Book. Summary.

Glossary. Notes. 2 How the Game Is Played. Accounting Policy Choice

and Application. Fraudulent Financial Reporting. Cleaning Up after

the Game. Clarifying Terminology. Summary. Glossary. Notes. 3

Earnings Management: A Closer Look. What Is Earnings Management?

Incentives and Conditions for Earnings Management. Earnings

Management Techniques. Evidence of Earnings Management.

Effectiveness of Earnings Management. Is Earnings Management Good

or Bad? Summary. Glossary. Notes. 4 The SEC Responds. The

Chairman's Speech. The Action Plan. Subsequent Developments.

Enforcing the Securities Laws. Summary. Glossary. Notes. 5

Financial Professionals Speak Out. Survey of Financial

Professionals. Survey Results. Summary. Glossary. Notes. 6

Recognizing Premature or Fictitious Revenue. Is It Premature or

Fictitious Revenue? When Should Revenue Be Recognized? Detecting

Premature or Fictitious Revenue. Checklist to Detect Premature or

Fictitious Revenue. Summary. Glossary. Notes. 7 Aggressive

Capitalization and Extended Amortization Policies. Cost

Capitalization. Detecting Aggressive Cost Capitalization Policies.

Amortizing Capitalized Costs. Detecting Extended Amortization

Periods. Checklist to Detect Aggressive Capitalization and Extended

Amortization Policies. Summary. Glossary. Notes. 8 Misreported

Assets and Liabilities. Link with Reported Earnings. Boosting

Shareholders' Equity. Overvalued Assets. Undervalued Liabilities.

Checklist to Detect Misreported Assets and Liabilities. Summary.

Glossary. Notes. 9 Getting Creative with the Income Statement:

Classification and Disclosure. Current Income Statement

Requirements and Practices. Reporting Comprehensive Income.

Creative Income Statement Classifications. Creativity with Other

Aspects of the Income Statement. Summary. Glossary. Notes. 10

Getting Creative with the Income Statement: Pro-Forma Measures of

Earnings. Recasting the Bottom Line: Pro-Forma Earnings Measures.

Summary. Glossary. Notes. 11 Problems with Cash Flow Reporting.

Reporting Cash Flow. Problems with Reported Operating Cash Flow.

Using Operating Cash Flow to Detect Creative Accounting Practices.

Checklist for Using Operating Cash Flow to Detect Creative

Accounting Practices. Summary. Glossary. Notes. Subject Index.

Company Index.

Charles W. Mulford is the Invesco Chair and Professor of

Accounting and Eugene E. Comiskey is the Callaway Chair and

Professor of Accounting in the DuPree College of Management at the

Georgia Institute of Technology in Atlanta. Both professors have

doctorates in accounting and are professionally qualified as

certified public accountants. In addition to their work at Georgia

Tech, they actively consult with lenders at commercial banks in the

United States and abroad. Professors Mulford and Comiskey have

published articles on financial reporting and analysis issues in

leading academic journals in the accounting and finance fields as

well as in such widely read professional journals as the Commercial

Lending Review and the Financial Analysts' Journal. This is the

authors' third book. Their first, Financial Warnings, published in

1996, identifies the warning signs of future corporate earnings

difficulties. Their second, Guide to Financial Reporting and

Analysis, seeks to simplify the complexities of current-day

generally accepted accounting principles as an aid to practicing

financial analysts and other users of financial statements.

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媒体评论

"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)

书籍介绍

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.