Wednesday, January 24, 2007

Washington Post --"Puffing Up Performance? Accounting of Sales by Dot-Coms, Other Companies Increasingly Troublesome to Regulators"

Here in the USA we like to tell ourselves that our accounting numbers and corporate governance are the best. Well, the Europeans think we could do better, and ... I certainly hope that we don't see another round of stories about bad accounting at dot.coms.

The point? Investors and real managers need good numbers and reasonable, conservative accounting approaches. Only hustlers need juiced-up numbers.

Puffing Up Performance? - washingtonpost.com

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