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

The fourth edition of the bestselling classic guide to accounting fraud and financial reporting offenders, updated to reflect the key case studies and lessons from the past quarter century. It provides investors with the tools to detect corporate cultures that incentivize dishonest practices, the latest tricks companies use to exaggerate revenue and earnings, and techniques devised by management to manipulate cash flow.

Format: Hardback
Length: 336 pages
Publication date: 23 April 2018
Publisher: McGraw-Hill Education

The bestselling classic from the "Sherlock Holmes of Accounting"—updated to reflect the key case studies and most important lessons from the past quarter century.

This fourth edition of the classic guide shines a light on the most shocking frauds and financial reporting offenders of the last twenty-five years, and gives investors the tools they 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

This new edition focuses on the key case studies and most important lessons 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 expose financial reporting miscreants and unveil the latest methods companies use to mislead investors. You'll learn everything you need to know to unearth deceptive reporting and avoid costly mistakes.

Weight: 572g
Dimension: 233 x 155 x 28 (mm)
ISBN-13: 9781260117264
Edition number: 4 ed