Title: Focus investor must read!
Product review: I believe all of us would agree that GAAP in its current form has many problems accurately reporting the truth regarding a company's financial picture to the users of financial statements. An excellent book entitled "Quality Financial Reporting" should be required reading for all focus investors as it provides an impressive overview of what is wrong with GAAP, why FASB has been unable to function properly, and suggests possible solutions.The authors are straight shooters and as such I think they will find no friends among the accounting "establishment" but they certainly point out the flaws in GAAP thereby helping focus investors better understand the financial statements they are examining.
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