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The Financial Numbers Game

Detecting Creative Accounting Practices
Summary:

The book provides an in-depth analysis of how companies manipulate their financial statements to present a more favorable picture of their financial health, often misleading investors and stakeholders. It offers tools and techniques for detecting such deceptive practices by examining the nuances of balance sheets, income statements, and cash flow reports.

Key points:

1. Earnings Management: The book explains how companies manipulate financial reports to look better than they are. This can be legal but misleading, as it hides the real financial situation.

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