{"product_id":"the-financial-numbers-game-isbn-9780471770732","title":"The Financial Numbers Game","description":"Praise for The Financial Numbers Game\u003cbr\u003e \u003cbr\u003e \"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\u003cbr\u003e \u003cbr\u003e \"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\u003cbr\u003e \u003cbr\u003e \"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 publisherWenn vorläufige Schätzungen ergeben, dass der tatsächliche Gewinn die Erwartungen nicht erfüllt, greifen manche Manager zur Stützung des Aktienkurses ihres Unternehmens häufig zu \"kreativen\" Buchführungstechniken, um die Bilanzgewinne zu frisieren. Das frühe Erkennen irreführender Ergebnisse bietet jedoch die Chance einer rechtzeitigen Korrektur und damit zur Vermeidung von überraschenden Negativerträgen und Kursrutschen. Dieses Buch erklärt Buchsachverständigen und Finanzexperten, welche Möglichkeiten Unternehmen haben, um das Finanzergebnis falsch darzustellen. Darüber hinaus schult es das Auge von Finanzanalysten und Buchsachverständigen, irreführende Zahlen in Bilanzen rasch zu erkennen. \"The Financial Numbers Game\" erläutert umfassend die Buchführungsprobleme, die heute so akut sind und weist auf mögliche Zeichen von Gewinnmanipulationen hin. Mit Checklisten, die sofort einsatzfähige Instrumente zur Aufdeckung von Buchführungsmanipulationen bieten. Ein unverzichtbarer Ratgeber für die Praxis. \u003cp\u003e\u003cb\u003e1 Financial Numbers Game 1\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eRewards of the Game 2\u003c\/p\u003e \u003cp\u003eClassifying Creative Accounting Practices 8\u003c\/p\u003e \u003cp\u003ePlan of This Book 13\u003c\/p\u003e \u003cp\u003eSummary 14\u003c\/p\u003e \u003cp\u003eGlossary 15\u003c\/p\u003e \u003cp\u003eNotes 16\u003c\/p\u003e \u003cp\u003e\u003cb\u003e2 How the Game Is Played 19\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eAccounting Policy Choice and Application 19\u003c\/p\u003e \u003cp\u003eFraudulent Financial Reporting 39\u003c\/p\u003e \u003cp\u003eCleaning Up after the Game 44\u003c\/p\u003e \u003cp\u003eClarifying Terminology 49\u003c\/p\u003e \u003cp\u003eSummary 50\u003c\/p\u003e \u003cp\u003eGlossary 50\u003c\/p\u003e \u003cp\u003eNotes 52\u003c\/p\u003e \u003cp\u003e\u003cb\u003e3 Earnings Management: A Closer Look 57\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eWhat Is Earnings Management? 58\u003c\/p\u003e \u003cp\u003eIncentives and Conditions for Earnings Management 60\u003c\/p\u003e \u003cp\u003eEarnings Management Techniques 62\u003c\/p\u003e \u003cp\u003eEvidence of Earnings Management 68\u003c\/p\u003e \u003cp\u003eEffectiveness of Earnings Management 74\u003c\/p\u003e \u003cp\u003eIs Earnings Management Good or Bad? 82\u003c\/p\u003e \u003cp\u003eSummary 84\u003c\/p\u003e \u003cp\u003eGlossary 86\u003c\/p\u003e \u003cp\u003eNotes 88\u003c\/p\u003e \u003cp\u003e\u003cb\u003e4 The SEC Responds 93\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe Chairman’s Speech 93\u003c\/p\u003e \u003cp\u003eThe Action Plan 96\u003c\/p\u003e \u003cp\u003eSubsequent Developments 99\u003c\/p\u003e \u003cp\u003eEnforcing the Securities Laws 108\u003c\/p\u003e \u003cp\u003eSummary 120\u003c\/p\u003e \u003cp\u003eGlossary 122\u003c\/p\u003e \u003cp\u003eNotes 123\u003c\/p\u003e \u003cp\u003e\u003cb\u003e5 Financial Professionals Speak Out 127\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eSurvey of Financial Professionals 129\u003c\/p\u003e \u003cp\u003eSurvey Results 133\u003c\/p\u003e \u003cp\u003eSummary 156\u003c\/p\u003e \u003cp\u003eGlossary 157\u003c\/p\u003e \u003cp\u003eNotes 158\u003c\/p\u003e \u003cp\u003e\u003cb\u003e6 Recognizing Premature or Fictitious Revenue 159\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIs It Premature or Fictitious Revenue? 160\u003c\/p\u003e \u003cp\u003eWhen Should Revenue Be Recognized? 165\u003c\/p\u003e \u003cp\u003eDetecting Premature or Fictitious Revenue 185\u003c\/p\u003e \u003cp\u003eChecklist to Detect Premature or Fictitious Revenue 191\u003c\/p\u003e \u003cp\u003eSummary 193\u003c\/p\u003e \u003cp\u003eGlossary 194\u003c\/p\u003e \u003cp\u003eNotes 196\u003c\/p\u003e \u003cp\u003e\u003cb\u003e7 Aggressive Capitalization and Extended Amortization Policies 201\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eCost Capitalization 202\u003c\/p\u003e \u003cp\u003eDetecting Aggressive Cost Capitalization Policies 214\u003c\/p\u003e \u003cp\u003eAmortizing Capitalized Costs 220\u003c\/p\u003e \u003cp\u003eDetecting Extended Amortization Periods 226\u003c\/p\u003e \u003cp\u003eChecklist to Detect Aggressive Capitalization and Extended Amortization Policies 229\u003c\/p\u003e \u003cp\u003eSummary 231\u003c\/p\u003e \u003cp\u003eGlossary 231\u003c\/p\u003e \u003cp\u003eNotes 233\u003c\/p\u003e \u003cp\u003e\u003cb\u003e8 Misreported Assets and Liabilities 237\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eLink with Reported Earnings 238\u003c\/p\u003e \u003cp\u003eBoosting Shareholders’ Equity 239\u003c\/p\u003e \u003cp\u003eOvervalued Assets 240\u003c\/p\u003e \u003cp\u003eUndervalued Liabilities 259\u003c\/p\u003e \u003cp\u003eChecklist to Detect Misreported Assets and Liabilities 268\u003c\/p\u003e \u003cp\u003eSummary 271\u003c\/p\u003e \u003cp\u003eGlossary 272\u003c\/p\u003e \u003cp\u003eNotes 275\u003c\/p\u003e \u003cp\u003e\u003cb\u003e9 Getting Creative with the Income Statement: Classification and Disclosure 279\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eCurrent Income Statement Requirements and Practices 280\u003c\/p\u003e \u003cp\u003eReporting Comprehensive Income 292\u003c\/p\u003e \u003cp\u003eCreative Income Statement Classifications 295\u003c\/p\u003e \u003cp\u003eCreativity with Other Aspects of the Income Statement 304\u003c\/p\u003e \u003cp\u003eSummary 311\u003c\/p\u003e \u003cp\u003eGlossary 312\u003c\/p\u003e \u003cp\u003eNotes 313\u003c\/p\u003e \u003cp\u003e\u003cb\u003e10 Getting Creative with the Income Statement: Pro-Forma Measures of Earnings 317\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eRecasting the Bottom Line: Pro-Forma Earnings Measures 318\u003c\/p\u003e \u003cp\u003eSummary 339\u003c\/p\u003e \u003cp\u003eGlossary 340\u003c\/p\u003e \u003cp\u003eNotes 341\u003c\/p\u003e \u003cp\u003e\u003cb\u003e11 Problems with Cash Flow Reporting 345\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eReporting Cash Flow 347\u003c\/p\u003e \u003cp\u003eProblems with Reported Operating Cash Flow 354\u003c\/p\u003e \u003cp\u003eUsing Operating Cash Flow to Detect Creative Accounting Practices 370\u003c\/p\u003e \u003cp\u003eChecklist for Using Operating Cash Flow to Detect Creative Accounting Practices 373\u003c\/p\u003e \u003cp\u003eSummary 373\u003c\/p\u003e \u003cp\u003eGlossary 375\u003c\/p\u003e \u003cp\u003eNotes 377\u003c\/p\u003e \u003cp\u003eSubject Index 379\u003c\/p\u003e \u003cp\u003eCompany Index 391\u003c\/p\u003e  \u003cp\u003e\u003cb\u003eCHARLES W. MULFORD\u003c\/b\u003e is Invesco Chair and Professor of Accounting and \u003cb\u003eEUGENE E. COMISKEY\u003c\/b\u003e is Callaway Chair and Professor of Accounting in the DuPree College of Management at the Georgia Institute of Technology in Atlanta, Georgia.\t    \u003c\/p\u003e\u003cp\u003ePraise for \u003cb\u003eTHE FINANCIAL NUMBERS GAME\u003c\/b\u003e \u003c\/p\u003e\u003cp\u003e\"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. \u003ci\u003eThe Financial Numbers Game\u003c\/i\u003e 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.\" \u003cb\u003e—Bob Acker, Editor\/Publisher, \u003ci\u003eThe Acker Letter\u003c\/i\u003e\u003c\/b\u003e  \u003c\/p\u003e\u003cp\u003e\"Wall Street's unforgiving attention to quarterly earnings presents ever-increasing pressure on CFOs to manage earnings and expectations. \u003ci\u003eThe Financial Numbers Game\u003c\/i\u003e 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.\" \u003cb\u003e—Mark Hurley, Managing Director, Training and Development,\tGlobal Corporate and Investment Banking, Bank of America\u003c\/b\u003e  \u003c\/p\u003e\u003cp\u003e\"After reading \u003ci\u003eThe Financial Numbers Game\u003c\/i\u003e, 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.\" \u003cb\u003e—Harry Domash, Investing Columnist, \u003ci\u003eSan Francisco Chronicle\u003c\/i\u003e and Publisher, \u003ci\u003eWinning Investing\u003c\/i\u003e\u003c\/b\u003e  \u003c\/p\u003e\u003cp\u003e\u003ci\u003eThe Financial Numbers Game\u003c\/i\u003e 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.\u003c\/p\u003e","brand":"Wiley","offers":[{"title":"Default Title","offer_id":47990228484325,"sku":"NP9780471770732","price":37.0,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/1842\/7735\/files\/9780471770732.jpg?v=1761786991","url":"https:\/\/k12savings.com\/es\/products\/the-financial-numbers-game-isbn-9780471770732","provider":"K12savings","version":"1.0","type":"link"}