With major financial scandals popping up in greater numbers—and with more inevitably on the way—it has never been more important for you to understand what dishonest companies do to trick investors. Since the early 1990s, Financial Shenanigans has been helping investors unearth deceptive financial reporting at the most critical time— before they suffer major losses.
Now, the third edition broadens its focus to include the newest, most sophisticated techniques companies use to mislead investors.
Referred to as the “Sherlock Holmes of Accounting” by BusinessWeek, Howard Schilit and renowned forensic accounting expert Jeremy Perler take you deeper into the corporate bag of tricks, exposing new levels of accounting gimmickry and arming you with the investigative tools you need to detect:
Earnings Manipulation Shenanigans: Learn the latest tricks
companies use to exaggerate revenue and earnings.
Cash Flow Shenanigans: Discover new techniques devised by
management that allow it to manipulate cash flow as easily as
earnings.
Key Metrics Shenanigans: See how companies use misleading
“key”metrics to fool investors about their financial
performance.
Financial Shenanigans brings you completely up to date on
accounting chicanery in the global markets, shining a light on the
most shocking frauds and financial reporting miscreants. This
insightful, detailed guide written by recognized experts on the
subject provides the knowledge and tools you need to spot even the
most subtle signs of financial shenanigans.