Mulford, Charles W., and Eugene E. Cominsky, The Financial Numbers Game: Detecting Creative Accounting Practices

Accounting Review,  October, 2002  by Donald P. Pagach

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(New York, NY: John Wiley & Sons, Inc., 2002, 395 pp.)

In their new book, The Financial Numbers Game: Detecting Creative Accounting Practices, Charles Mulford and Eugene Cominsky have provided interested readers a great reference tool for examining the issues surrounding earnings management. The authors examine the issue by defining earnings management, exploring the incentives for earnings management and then presenting illustrations and examples of how businesses manage earning. Within each chapter the authors examine the flexibility of GAAP and how some companies use this flexibility to their own ends.

While the entire book is very enjoyable, there are two ...