The Financial Numbers Game by Charles W. Mulford & Eugene E. Comiskey Summary
Overview of The Financial Numbers Game
Uncover how companies manipulate financial statements in "The Financial Numbers Game." Learn to detect accounting tricks that fooled investors and regulators before major scandals erupted. Essential reading for anyone who wants to protect their investments from corporate sleight-of-hand.
Similar books to The Financial Numbers Game
著者の声を通じて本を感じる
知識を魅力的で例が豊富な洞察に変換
キーアイデアを瞬時にキャプチャして素早く学習
楽しく魅力的な方法で本を楽しむ
重要なポイント
When Numbers Lie: The High-Stakes Game of Financial Manipulation
In 2002, WorldCom shocked markets with a $3.8 billion accounting fraud that eventually ballooned to $11 billion. Their stock plummeted 94% within months. A year earlier, Enron's collapse had already wiped out $74 billion in shareholder value. These weren't isolated incidents but dramatic examples of what former SEC Chairman Arthur Levitt called "the numbers game" - the widespread practice of manipulating financial reporting to create altered impressions of business performance. This dangerous game has devastating consequences. When Centennial Technologies' fraudulent asset overstatements were discovered, its stock collapsed from $55.50 to $3 in just three weeks. Similarly, Twinlab's share price plunged from $20 to under $3 when its aggressive revenue recognition practices came to light. Why does this happen? Imagine driving on a highway where everyone speeds. If you maintain the legal limit, you'll be passed by competitors and possibly punished by impatient investors. This pressure creates a race to the accounting bottom, where companies feel compelled to stretch the rules just to keep pace. As Warren Buffett remarked, "Only when the tide goes out do you discover who's been swimming naked." The financial numbers game works until it doesn't - and when it fails, the consequences are swift and severe.
Exploiting Accounting Flexibility: How Companies Bend the Rules
Meeting Expectations at Any Cost: The Earnings Management Trap
Revenue Recognition: The Top Accounting Deception
Tomorrow's Expenses Today: The Capitalization Game
The Cash Flow Reality Check: When Earnings Quality Fails
クイックサマリーモード - 『The Financial Numbers Game』の要約を10分で読む・聴く
『The Financial Numbers Game』の核心的なアイデアを分かりやすいポイントに分解し、革新的なチームがどのように創造、協力、成長するかを理解します。
フラッシュカードモード - 『The Financial Numbers Game』から厳選した7の洞察
『The Financial Numbers Game』を素早い記憶のヒントに凝縮し、率直さ、チームワーク、創造的な回復力の主要原則を強調します。
エンタメモード - 『The Financial Numbers Game』のレッスンを22分のストーリーで
鮮やかなストーリーテリングを通じて『The Financial Numbers Game』を体験し、イノベーションのレッスンを記憶に残り、応用できる瞬間に変えます。
パーソナライズモード - 『The Financial Numbers Game』の要約を0分で読む・聴く
何でも質問し、声を選び、本当にあなたに響く洞察を一緒に作り出しましょう。
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"Perfect balance between learning and entertainment. Finished ‘Thinking, Fast and Slow’ on my commute this week."
"Crazy how much I learned while walking the dog. BeFreed = small habits → big gains."
"Reading used to feel like a chore. Now it’s just part of my lifestyle."
"Feels effortless compared to reading. I’ve finished 6 books this month already."
"BeFreed turned my guilty doomscrolling into something that feels productive and inspiring."
"BeFreed turned my commute into learning time. 20-min podcasts are perfect for finishing books I never had time for."
"BeFreed replaced my podcast queue. Imagine Spotify for books — that’s it. 🙌"
"It is great for me to learn something from the book without reading it."
"The themed book list podcasts help me connect ideas across authors—like a guided audio journey."
"Makes me feel smarter every time before going to work"
"Instead of endless scrolling, I just hit play on BeFreed. It saves me so much time."
"I never knew where to start with nonfiction—BeFreed’s book lists turned into podcasts gave me a clear path."
"Perfect balance between learning and entertainment. Finished ‘Thinking, Fast and Slow’ on my commute this week."
"Crazy how much I learned while walking the dog. BeFreed = small habits → big gains."
"Reading used to feel like a chore. Now it’s just part of my lifestyle."
"Feels effortless compared to reading. I’ve finished 6 books this month already."
"BeFreed turned my guilty doomscrolling into something that feels productive and inspiring."
"BeFreed turned my commute into learning time. 20-min podcasts are perfect for finishing books I never had time for."
"BeFreed replaced my podcast queue. Imagine Spotify for books — that’s it. 🙌"
"It is great for me to learn something from the book without reading it."
"The themed book list podcasts help me connect ideas across authors—like a guided audio journey."
"Makes me feel smarter every time before going to work"
"Instead of endless scrolling, I just hit play on BeFreed. It saves me so much time."
"I never knew where to start with nonfiction—BeFreed’s book lists turned into podcasts gave me a clear path."
"Perfect balance between learning and entertainment. Finished ‘Thinking, Fast and Slow’ on my commute this week."
"Crazy how much I learned while walking the dog. BeFreed = small habits → big gains."
"Reading used to feel like a chore. Now it’s just part of my lifestyle."
"Feels effortless compared to reading. I’ve finished 6 books this month already."
"BeFreed turned my guilty doomscrolling into something that feels productive and inspiring."
"BeFreed turned my commute into learning time. 20-min podcasts are perfect for finishing books I never had time for."
"BeFreed replaced my podcast queue. Imagine Spotify for books — that’s it. 🙌"
"It is great for me to learn something from the book without reading it."
"The themed book list podcasts help me connect ideas across authors—like a guided audio journey."
"Makes me feel smarter every time before going to work"
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