Financial Reporting & Analysis

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Many headlines in todays leading business publications talk about how managers are cookin the books to meet earnings targets or analysts earnings projections. How can managers utilize the flexibility in GAAP to manipulate the numbers for their own purposes? How can analysts learn how to uncover the hidden truths behind reported accounting numbers and interpret financial statements correctly? Financial Reporting & Analysis by Revsine/Collins/Johnson emphasizes both the process of financial reporting and the analysis of financial statements. This book employs a true user perspective by discussing the contracting and decision implications of accounting - and this helps readers understand why accounting choices matter and to whom. Revsine, Collins, and Johnson train their readers to be good financial detectives, able to read, use, and interpret the statements and-most importantly - understand how and why managers can utilize the flexibility in GAAP to manipulate the numbers for their own purposes. Extensive real-world examples are designed to build interest and expand understanding not only of current practices, but also how to make comparisons between firms. For example: * See how