Hidden Financial Risk: Understanding Off Balance Sheet Accounting

Rating:
Summary: Accounting for the Investor
Review: While experts wring hands and say "mistakes were made," this book gives average investors the "how to" in order to make sense of annual reports and balance sheets. It seems to blow the lid off of the various methods that managers used to hide bad debt and shaking investments. Undoubtly, good for most investors who want to avoid a repeat of Enron. It also offers a pretty explanation of why major accounting and auditing firms can't be trusted. At last, a book that allows investors to keep their investments and earn money--instead of CEOs and corporate executives. Favorite Chapter: How to Hide Debt with Pension Accounting.