Financial Shenanigans, Fourth Edition: How to Detect Accounting Gimmicks and Fraud in Financial Reports
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 businessYou’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.
1145485834
Financial Shenanigans, Fourth Edition: How to Detect Accounting Gimmicks and Fraud in Financial Reports
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 businessYou’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.
39.6 In Stock
Financial Shenanigans, Fourth Edition: How to Detect Accounting Gimmicks and Fraud in Financial Reports

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

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

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

eBook

$39.60 

Available on Compatible NOOK devices, the free NOOK App and in My Digital Library.
WANT A NOOK?  Explore Now

Related collections and offers


Overview

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 businessYou’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.

Product Details

ISBN-13: 9781260117271
Publisher: McGraw Hill LLC
Publication date: 03/30/2018
Sold by: Barnes & Noble
Format: eBook
Pages: 336
File size: 2 MB

About the Author

Dr. Howard M. Schilit, PhD., CPA is the founder and CEO of Schilit Forensics, an investment research consultancy. He is a pioneer in the field of detecting accounting chicanery and has testified before Congress and the SEC. Previously he founded and led CFRA and was a professor at American University. Jeremy Perler, CFA, CPA, is a partner at Schilit Forensics. Previously, he held positions at Coatue Management, CFRA, and PwC. He has served on advisory committees for the FASB and PCAOB.Yoni Engelhart, CFA, is a partner at Schilit Forensics. Previously, he held positions at Partners Capital, Wellington Management Company, and CFRA. He is a graduate of Harvard Business School.

Table of Contents

Preface: Reflections on My Last 25 Years

Part One: Establishing the Foundation

Chapter 1: 25 Years of Shenanigans

Chapter 2: Just Touch Up the X-Rays

Part Two: Earnings Manipulation Shenanigans

Chapter 3: Earnings Manipulation Shenanigan No. 1: Recording Revenue Too Soon

Chapter 4: Earnings Manipulation Shenanigan No. 2: Recording Bogus Revenue

Chapter 5: Earnings Manipulation Shenanigan No. 3: Boosting Income with One-Time or Unsustainable Activities

Chapter 6: Earnings Manipulation Shenanigan No. 4: Shifting Current Expenses to a Later Period

Chapter 7: Earnings Manipulation Shenanigan No. 5: Employing Other Techniques to Hide Expenses or Losses

Chapter 8: Earnings Manipulation Shenanigan No. 6: Shifting Current Income to a Later Period

Chapter 9: Earnings Manipulation Shenanigan No. 7: Shifting Future Expenses to the Current Period


Part Three: Cash Flow Shenanigans

Chapter 10: Cash Flow Shenanigan No. 1: Shifting Financing Cash Inflows to the Operating Section

Chapter 11: Cash Flow Shenanigan No. 2: Moving Operating Cash Outflows to Other Sections

Chapter 12: Cash Flow Shenanigan No. 3: Boosting Operating Cash Flow Using Unsustainable Activities

Part Four: Key Metrics Shenanigans

Chapter 13: Key Metric Shenanigan No. 1: Showcasing Misleading Metrics that Overstate Performance

Chapter 14: Key Metric Shenanigan No. 2: Distorting Balance Sheet Metrics to Avoid Showing Deterioration

Part Five: Acquisition Accounting Shenanigans

Chapter 15: Acquisition Accounting Shenanigan No. 1: Artificially Boosting Revenue and Earnings

Chapter 16: Acquisition Accounting Shenanigan No. 2: Inflating Reported Cash Flow

Chapter 17: Acquisition Accounting Shenanigan No. 3: Manipulating Key Metrics

Part Six: Putting it all Together

Chapter 18: The Unraveling

Chapter 19: The Forensic Mindset

Index

Acknowledgments

From the B&N Reads Blog

Customer Reviews