Financial accounting is generally thought of as a very precise science. This book seeks to dispel this myth. Even absent fraudulent manipulation, information contained in financial statements can be woefully misleading and incomplete.Written primarily for non-accounting students, small business owners, and advisers to small business, the book demonstrates how accounting information contained in financial statements both informs and misinforms statement users.
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* Adjunct Instructor in mathematics, statistics, economics, accounting and finance for ten years in Wisconsin and Maryland. *Partner and sole proprietor of accounting practices in Madison, Wisconsin for 17 years.* Certified Public Accountant and Certified Valuation Analyst * BA in philosophy and psychology, MS in accounting and an MA in philosophy all from University of Wisconsin. * Previous publications include articles in professional journals on valuation theory, taxation and accounting. I have also written numerous political commentaries in Madison newspapers.* Many years of community and political activism.
"This is a wonderful little book; it is light and very instructive. I especially like the first and last chapter, and the sections within the chapters on how the books are cooked." Patricia Arnold, Associate Professor of Accounting University of Wisconsin
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