In 'Financial Shenanigans,' the authors unveil the art of identifying accounting tricks that can mislead investors and stakeholders. They provide detailed insights into the deceptive practices that companies often employ to present a misleading financial picture. Each chapter reveals real-world examples, equipping readers with tools to spot financial fraud before it’s too late. As financial reports become increasingly complex, this guide shines a light on the dark corners of corporate accounting. Are you prepared to uncover the hidden truths lurking within financial statements?
By Jeremy Perler, Howard M. Schilit, Yoni Engelhart
Published: 2018
"In the world of finance, the truth often wears a disguise; uncovering it requires the sharp eye of a detective and the courage to challenge the narrative."
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.
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“In the world of finance, the truth often wears a disguise; uncovering it requires the sharp eye of a detective and the courage to challenge the narrative.”
Financial Shenanigans, Fourth Edition
By Jeremy Perler, Howard M. Schilit, Yoni Engelhart
Discover a world of knowledge through our extensive collection of book summaries.
Jeremy Perler is a contemporary author known for his captivating storytelling and rich character development. His notable works include 'The Silent Echo,' which explores themes of isolation and connection, and 'Whispers of the Past,' a compelling narrative that intertwines history and personal reflection. Perler's writing style is characterized by its lyrical prose and deep psychological insights, drawing readers into the emotional landscapes of his characters.
Howard M. Schilit is a distinguished author and financial analyst known for his expertise in forensic accounting and investment analysis. He is the founder of Schilit Forensics and has over three decades of experience in the field. Schilit is best known for his notable works, including 'Financial Shenanigans: How to Detect Accounting Gimmicks & Fraud in Financial Reports' and 'The Financial Shenanigans: How to Detect Accounting Gimmicks & Fraud in Financial Reports,' co-authored with Jeremy Perler. His writing style is characterized by a clear, analytical approach that demystifies complex financial concepts, making them accessible to both professionals and lay readers. Schilit's contributions to the field have made him a respected voice in the realms of finance and financial literacy.
Yoni Engelhart is a talented author known for his insightful and thought-provoking writing. His notable works include the bestselling novel 'Understanding the Heart', which explores the complexities of human emotions, and 'The Path of Wisdom', a philosophical exploration of life’s purpose. Engelhart's writing style combines lyrical prose with deep emotional resonance, often incorporating elements of nature and spirituality to craft rich narratives that invite readers to reflect on their own experiences.
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