Financial Shenanigans, Fourth Edition: How to Detect Accounting Gimmicks and Fraud in Financial Reports
28 Mar 2018
Perler, Jeremy; Schilit, Howard M.; Engelhart, Yoni
The â€œSherlock Holmes of Accountingâ€ shows you how to protect your investments and avoid being taken in by crooked companies
Since the early 1990s, Financial Shenanigans has been helping investors unearth deceptive financial reporting at the most critical timeâ€• before they suffer major losses. This special 25th Anniversary edition of the bestselling guide shines a light on the most shocking frauds and financial reporting offenders and brings you up to speed on accounting chicanery in the global markets. Youâ€™ll discover all the current sophisticated techniques companies use to mislead investors.
Financial Shenanigans equips you with the investigative tools needed to detect:
â€¢Breeding Grounds for Shenanigansâ€”How to spot corporate cultures that incentivize dishonest practices
â€¢Earnings Manipulation Shenanigansâ€”The latest tricks companies use to exaggerate revenue and earnings
â€¢Cash Flow Shenanigansâ€”Techniques devised by management to manipulate cash flow as easily as earnings
â€¢Key Metrics Shenanigansâ€”How companies use misleading metrics to fool investors about their financial performance.
â€¢Acquisition Accounting Shenanigans â€“ How to analyze serial acquirers to spot hidden problems
Revised to reflect the latest practices and financial technologies, this edition features fascinating case studies as well as new chapters exploring acquisition accounting deceptions, analyzing financial reports, and recommendations to investors. This insightful, detailed guide will teach you how to recognize even the subtlest signs of financial shenanigans.