Excellent Discussion of Important Topic

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	• Earnings Management: An Executive Perspective Thomas E. McKee South-Western Educational Pub, 2005 - 216 pages average customer review:based on 1 review view larger image
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Excellent Discussion of Important Topic

Dr. McKee's Earnings Management offers a great deal of insight into a highly controversial topic within the realm of accounting. The first third of this book explains the difference between ethical earnings management practices and fraudulent financial reporting. He points out that Generally Accepted Accounting Principles offer multiple opportunities for legal and ethical earning management and points out the benefits of such practices. An especially interesting section provides a model that can be used to measure the bankruptcy probability of a company based upon recent financial performance. Dr. McKee shows how the use of earnings management techniques can significantly reduce financial distress and legitimately strengthen shareholder confidence.

The final two thirds of the book includes specific examples of earnings management techniques used by various public companies in recent years. His explanations of these techniques are thorough, yet at the same time not overly-technical. The writing is straightforward and you will not need to be a CPA in order to understand exactly how your company can take advantage of these earning management practices.

This book is geared toward those involved in the management of public companies; however, I believe it will appeal to a much wider group of readers. It provides information that is useful to all users of financial statements. The ideas contained within it would be useful to CEOs and CFOs, but also to shareholders and creditors, auditors and financial reporting managers, really anyone with an interest in the accounting practices of both public and privately-held companies. Highly Recommended!

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The media is filled with stories of corrupt executives and financial officers manipulating the reported earnings of their companies. All business executives are under increasing pressure to deliver growth in earnings. So the challenge: how can I manage earnings legally? McKee?s Earnings Management solves this dilemma by demystifying earnings management and providing readers with 28 reasonable and legal techniques. Executives will gain valuable knowledge about earning management concepts and tools. Other readers, such as investors, will gain greater insight into the management decisions that can shape financial statements and the underlying quality of the earnings.

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