Accounting landmine: Effectively avoid accounting disasters

Author: Sherman et al. / Jinma
Publisher:
Publish Date: 2004-09-01
Features: This is a book about the use and misuse of accounting techniques, which does not require readers to have accounting expertise. It helps investors avoid many accounting disasters discussed in the book by adopting a skeptical and inquisitive attitude. The cases cited by the authors in the book are sourced from current news reports, government documents, higher education, and newspapers and magazines. They hope to help readers identify these untrustworthy company accounting cases before the disaster strikes by examining past cases that are not worth trusting. The authors encourage a prudent attitude of skepticism and contribute to a business environment where people can once again trust the profits created by companies and the company disclosures. Only in such a business environment can people trust the profits generated by companies and the company disclosures. The authors of this book are famous financial experts in the United States, and the purpose of writing this book is to enable a wide range of investors, analysts, financial journalists, shareholders, board members, and even insiders of companies to identify financial pitfalls in companies, prepare in advance, and minimize investors' losses before accounting landmines explode. Although this book is aimed at the general public, board members ultimately need to understand basic financial knowledge. Therefore, the target readers of this book are both insiders and outsiders of companies—who all expect honest and transparent company financial disclosures. The book does not contain very complex accounting terms, and the authors use very simple language and well-known cases to show readers where accounting landmines may exist in companies.