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To: Bill Harmond who wrote (137962)	1/26/2002 10:01:11 PM
From: Glenn D. Rudolph	Read Replies (1) \| Respond to of 164684

"While naysayers might argue that entrepreneurial accounting is but one step away from outright fraud, the fact is that finagling numbers has become a common and accepted practice. Just look at pro-forma earnings. A few years ago, a company would report pro-forma numbers only when it had acquired another company and was trying to integrate the results from both businesses. Now, companies use pro-forma numbers whenever they don't like the results derived from generally accepted accounting practices. And, unfortunately, too many Wall Street analysts and investors are willing to accept the accounting method a corporation chooses to rely on. " smartmoney.com