Editorial Reviews
Book Description
On the heels of the Enron trial, there are many lessons to be learned from the barrage of fraud hammering corporate America -- including how to spot signs of future impropriety. In a gripping and intriguing read, BUSINESS FAIRY TALES uses real-world scandals to illustrate the top twenty most common methods used by companies to fraudulently overstate their earnings and hide their debt. Based on an analysis of the frequency of Securities and Exchange Commission (SEC) enforcement actions, it identifies the twenty most prevalent accounting schemes. The book explains each accounting trick with a detailed, engaging story of a company and the officials who committed a spectacular version of that method of fictitious financial reporting. It goes behind the scenes to describe the organization's acts of deception, and to examine the character failures of the leaders. In addition to the specific cases, the book presents a compelling argument for the kind of reform that is needed, as well as the ethical frameworks that must support authentic reform. Ultimately, BUSINESS FAIRY TALES equips and empowers readers with the skills to spot signs of potential accounting fraud so that investors and employees can be forewarned of future financial shocks. It provides analysts and students with the specific, tell-tale signals of the top twenty financial-reporting frauds and schemes -- signals that are inevitably left behind in financial statements that have been manipulated.
About the Author
Dr. Cecil W. Jackson, CPA, is a Professor of Clinical Accounting in the Marshall School of Business at the University of Southern California. He teaches courses on fraudulent financial reporting, forensic accounting, and managerial accounting on the MBA program as well as the graduate and undergraduate accounting programs. He has been on the faculty at USC since 1987. He holds a Master's degree in Accounting from Rhodes University and a Doctorate in Accounting from the University of South Africa. He has worked for two major public accounting firms and is both a chartered accountant and a CPA. He presents seminars and consults on aggressive financial reporting issues. Professor Jackson is the Director of the USC Center of the California Council on Economic Education (CCEE). He lives in Los Angeles.
Business Fairy Tales,Cecil W. Jackson,South-Western Educational Pub,0324305397,Accounting,Accounting - General,Business & Economics,Business / Economics / Finance,Business/Economics,Case studies,Corporations,Corrupt practices,Law and legislation,United States,Business & Economics / Accounting / General,Business & Management
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