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

Author:   Howard Schilit ,  Jeremy Perler ,  Yoni Engelhart
Publisher:   McGraw-Hill Education
Edition:   4th edition
ISBN:  

9781260117264


Pages:   336
Publication Date:   23 April 2018
Format:   Hardback
Availability:   Out of stock   Availability explained
The supplier is temporarily out of stock of this item. It will be ordered for you on backorder and shipped when it becomes available.

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


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Overview

The “Sherlock Holmes of Accounting” shows you how to protect your investments and avoid being taken in by crooked companies Since the early 1990s, Financial Shenanigans has been helping investors unearth deceptive financial reporting at the most critical time― before they suffer major losses. This special 25th Anniversary edition of the bestselling guide shines a light on the most shocking frauds and financial reporting offenders and brings you up to speed on accounting chicanery in the global markets. You’ll discover all the current sophisticated techniques companies use to mislead investors.  Financial Shenanigans equips you with the investigative tools needed to detect: •Breeding Grounds for Shenanigans—How to spot corporate cultures that incentivize dishonest practices•Earnings Manipulation Shenanigans—The latest tricks companies use to exaggerate revenue and earnings•Cash Flow Shenanigans—Techniques devised by management to manipulate cash flow as easily as earnings•Key Metrics Shenanigans—How companies use misleading metrics to fool investors about their financial performance.•Acquisition Accounting Shenanigans – How to analyze serial acquirers to spot hidden problems    Revised to reflect the latest practices and financial technologies, this edition features fascinating case studies as well as new chapters exploring acquisition accounting deceptions, analyzing financial reports, and recommendations to investors. This insightful, detailed guide will teach you how to recognize even the subtlest signs of financial shenanigans.

Full Product Details

Author:   Howard Schilit ,  Jeremy Perler ,  Yoni Engelhart
Publisher:   McGraw-Hill Education
Imprint:   McGraw-Hill Education
Edition:   4th edition
Dimensions:   Width: 16.00cm , Height: 3.30cm , Length: 23.60cm
Weight:   0.569kg
ISBN:  

9781260117264


ISBN 10:   126011726
Pages:   336
Publication Date:   23 April 2018
Audience:   Professional and scholarly ,  Professional & Vocational
Format:   Hardback
Publisher's Status:   Active
Availability:   Out of stock   Availability explained
The supplier is temporarily out of stock of this item. It will be ordered for you on backorder and shipped when it becomes available.

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

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Author Information

Dr. Howard Schilit is a pioneer in the field of detecting accounting tricks in corporate financial reports that mislead investors. He is the author of Financial Shenanigans: How to Detect Accounting Gimmicks & Fraud in Financial Reports, now in its 3rd Edition. Howard was the founder and CEO of CFRA, a global forensic accounting research organization. He has been a leading spokesman before the US Congress, the SEC, and global media outlets about the causes and early warning signs of accounting tricks in public filings. Dr. Schilit began his career as an Associate Professor of Accounting at American University and continues to teach and lecture all over the world. Dr. Schilit holds his doctorate in Accounting from the University of Maryland. Jeremy Perler, CFA, CPA, is the Director of Research at Schilit Forensics and co-author of Financial Shenanigans: How to Detect Accounting Gimmicks & Fraud in Financial Reports (3rd edition, 2010). Previously, Jeremy served as the in-house Forensic Accounting Analyst for Coatue Management, a long/short equity hedge fund; Director of Research for CFRA; and auditor for PricewaterhouseCoopers. In addition, Mr. Perler serves on the FASB's Financial Accounting Standards Advisory Council (FASAC) as a representative of the Investor Community. Jeremy holds a Master of Accounting and a BBA from the University of Michigan Ross School of Business.

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