Acctg manipulations

Many of these articles point out problems with Information contained in Financial Statements. We need to be aware of these problems.

FUZZY NUMBERS: DESPITE THE REFORMS, CORPORATE PROFITS CAN BE AS DISTORTED AND CONFUSING AS EVER. HERE’S HOW THE GAME IS PLAYED. by David Henry, BW oct 4, 2004

The Fine Print: How to Read Those Key Footnotes Part 1

Why should anyone believe you?

Accounting in Crisis

Can you trust anybody anymore?

The Revenue Games People (Like Enron) Play. Are you aware of how accounting is being (mis)used? From Fortune.

Bamboozling: A Field Guide . A good simplified analysis of accounting games that may be employed by businesses.

THE “NUMBERS GAME”. Speech by SEC chairman Arthur Levitt about the problems of accounting.

Lies, Damned Lies, and Managed Earnings. An article written about SEC chairman Arthur Levitt’s speech (above)

Lies, Damn Lies–And Stocks. Above article part 2 (3 years later)

System Failure. What is going on in the Business World?

General

WHY COMPANIES FAIL. 10 corporate sins to avoid!

WHY COMPANIES FAIL-Three Quick Fixes

The Warranty Windfall: Service contracts are cash cows—but retailers are mum about their importance. Interesting insights into how companies make extra money.