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Designed for the reader with little or no accounting or. business experience, "Financial Statements Demystified" explains in a clear, easy-to-understand way how to read. a financial statement and use it effectively in making. investment decisions. The book describes the four. types of financial statements: income statement; balance. sheet; statement of owners equity; and statement of. cash flows.
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Description
Mulford describes ways in which some managers manipulate their financial reports to create better outcomes. While some flexibility exists within the GAAP principles, some types of modifications go beyond the limits of proper reporting. Mulford provides the best methods for detecting what is not allowable and insight into how accountants and their administrators view the ethics of manipulating data.
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In late 2001, the Enron Corporation--a darling of the financial world, a company whose executives were friends of presidents and the powerful--imploded virtually overnight, leaving vast wreckage in its wake and sparking a criminal investigation that would last for years. Journalist Eichenwald transforms the Enron scandal into a rip-roaring narrative of epic proportions, suitable for readers of thrillers and business books alike. In the roller-coaster...
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