Financial Shenanigans: How to Detect Accounting Gimmicks & Fraud in Financial Reports, Third Edition
- 318 pages
- 12 hours of reading
The tools investors need to stay abreast of management's latest accounting gimmicks
Howard Mark Schilit Book order
Dr. Howard M. Schilit is an international leader in forensic accounting and corporate governance. His expertise centers on detecting accounting gimmicks and fraud within financial reports. His work is crucial for understanding the complexities of financial statements and identifying deceptive practices. Through his publications and public speaking, he helps illuminate early warning signs of financial misconduct, promoting greater transparency in the business world.
- 2010
- 1993
Financial Shenanigans
How to Detect Accounting Gimmicks & Fraud in Financial Reports
- 191 pages
- 7 hours of reading
Written by the man Wall Street Week's Louis Rukeyser calls "an expert on corporate financial games, " this no-nonsense guide draws on eye-opening case histories of major companies whose recent accounting "shenanigans" brought in millions of investment dollars before they were exposed. Building on the specific lessons learned from these cases, Financial Shenanigans shows investors, lenders, auditors, regulators, and others how to immediately spot such misleading accounting tricks as: Recording revenue prematurely; Recording bogus revenues; Boosting income artificially with one-time gains; Shifting current expenses to a later period; Failing to record or disclose major liabilities; Shifting current income to a later period; Shifting future expenses to the current period. Plus there are tips on checking the balance of inventory, sales, and receivables. . .scrutinizing statements of cash flows. . .and much more!
