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    Financial Shenanigans, Fourth Edition: How to Detect Accounting Gimmicks & Fraud in Financial Reports
    Unavailable
    Financial Shenanigans, Fourth Edition: How to Detect Accounting Gimmicks & Fraud in Financial Reports
    Unavailable
    Financial Shenanigans, Fourth Edition: How to Detect Accounting Gimmicks & Fraud in Financial Reports
    Ebook429 pages8 hours

    Financial Shenanigans, Fourth Edition: How to Detect Accounting Gimmicks & Fraud in Financial Reports

    By Howard M. Schilit, Jeremy Perler and Yoni Engelhart

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    About this ebook

    The bestselling classic from the “Sherlock Holmes of Accounting”—updated to reflect key case studies from the past quarter century and the dishonest tactics used to mislead investors. This fourth edition of the bestselling guide shines a light on the most shocking frauds and financial reporting offenders, and gives investors the tools they need to spot deceptive financial reporting in the global markets. This unparalleled guide provides the investigative tools you need to detect: * Corporate cultures that incentivize dishonest practices * The latest tricks companies use to exaggerate revenue and earnings * Techniques devised by management to manipulate cash flow as easily as earnings * Companies that use misleading metrics to fool investors about their financial performance * How companies use acquisitions to hide deterioration in their underlying business You’ll learn everything you need to know to unearth deceptive reporting and avoid costly mistakes. This new edition focuses on the key case studies from the past quarter century and brings you up to date on accounting chicanery in the global markets. Howard Schilit and his team of renowned forensic accounting experts reveal the most shocking frauds, expose financial reporting miscreants, and unveil the latest methods companies use to mislead investors.
    LanguageEnglish
    PublisherMcGraw-Hill Education
    Release dateMar 30, 2018
    ISBN9781260117271

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    Reviews for Financial Shenanigans, Fourth Edition

    4/5

    31 ratings2 reviews

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    • 3/5
      This is a great summary of the most-used tricks to sliding around in the gray areas of GAAP accounting in the US. These specific techniques likely represent 80% or more of the different tricks used from 1990-2007 by large corporations to manipulate their earnings and other performance, one of the main benefits of which is increasing their stock price. If the book was used by rank and file investors to look in detail at annual reports of their portfolio companies, they'd have a good early warning signal for the typical practices. And it includes sometimes shocking but always interesting true case studies of these techniques. A drawback might be that it is dated or does not include some more sophisticated techniques.
    • 3/5
      Straight-forward introduction to various accounting techniques that can be used to manipulate earnings.