Business Fairy Tales - Hardcover

Jackson, Cecil Wilfrid

Hardcover

ISBN 10: 0324305397 ISBN 13: 9780324305395

Publisher: Cengage Learning, 1980

Synopsis

Learn to spot signs of potential accounting fraud with BUSINESS FAIRY TALES! Based on analysis of the frequency of Securities and Exchange Commission (SEC) enforcement actions, this accounting text identifies the twenty most prevalent accounting schemes used to fraudulently overstate earnings and hide debt. Each accounting trick is explained with a detailed, engaging story of a company and the officials who committed a spectacular version of that method of fictitious financial reporting. In addition to the specific cases, this business text presents a compelling argument for the kind of reform that is needed, as well as the ethical frameworks that must support authentic reform.

About this title

Review:

"...there are some important lessons for today's investors" Tom
Taulli -- AOL.com Money and Finance, September 26, 2006

"Jackson walks the reader through the various ways unsuspecting
investors can be led down the garden path through accounting tricks" -- Barron's Magazine, September 25, 2006

Synopsis:

There are many lessons to be learned from the barrage of fraud hammering corporate America ' including how to spot signs of future impropriety. In a gripping, intriguing read, Business Fairy Tales uses real-world scandals to illustrate the seven most common frauds. It explains each fraud with a detailed, engaging story of the company and its officials that committed the most spectacular incident of that kind of financial reporting fraud. It goes behind the scenes to describe the organization's acts of deception to the public, as well as the character failures of the leaders. In addition to the specific cases, the book presents a compelling argument for the kind of reform that is needed within the industry. Ultimately, it equips and empowers readers with the skills to spot potential signs of fraud in financial statements so that they can be forewarned of future financial shocks. An appendix presents a list of publicly traded companies whose financial statements contain signals that may indicate an overstatement of assets or profits or an understatement of liabilities.

About this edition

• Publisher: Cengage Learning
• Publication date: 1980
• ISBN 10: 0324305397
• ISBN 13: 9780324305395
• Binding: Hardcover
• Number of pages: 256