We have seen that equity investment has provided decent returns to those who have made an investment into a decent business with having decent management. I have also explained a similar concept to my articles of Pat Dorsey and Kite Flying regarding business + management combination.
Accounting is a language of business, we need to understand it well so that we can make communication with numbers.
I will try to explain all manipulation in a simple manner into the upcoming issues of the same series.
Entire series of “Numbers tells you everything” is based on the books –
- Financial Shenanigans – Howard Schilit
- Quality of Earnings – Thornton L. O’glove
- The Financial Numbers Game – Charles W. Mulford
- Creative Cash Flow Reporting – Charles W. Mulford
I have tried to cover up concepts available with the above books.
For Detail Issue, Click here —> SIMPLE IS BETTER – ISSUE -16 – NUMBERS TELLS YOU EVERYTHING