FINANCIAL SHENANIGANS SCHILIT H. Księgarnia

Financial Shenanigans is must reading for every investor who desires to avoid financial losses created by the mine fields associated with generally accepted accounting principles.
Thornton L. Oglove, Publisher, Quality of Earnings Report

Deftly guides analysts through the obstacle course which financial statements can present. Financial statement users will find that study of the many examples and case studies presented in this work will greatly aid their financial task.
Leopold A. Bernstein, Author, Financial Statement Analysis: Theory, Analysis, and Interpretation

Indispensable to investors who are so often victimized by cooked books, as well as those attorneys, forensic accountants, and government regulators whose work involved the discovery and pursuit of financial statement fraud.
William S. Lerach, Partner, Milberg Weiss Bershad Specthrie & Lerach

Financial Shenanigans, 2nd Edition, helps you fight fire with fire, giving you the state-of-the-art weapons you need to identify warnings of a companys problems before earnings come out and the damage becomes irreversible. Detailing the seven fundamental tricks that companies have used to fool auditors and investors for decades, yet providing updated information and techniques on how these shenanigans are being used in todays technologically advanced, financially savvy investment world, this fast-paced book provides updated explanations of how anyone can uncover and sidestep:

Revenue tricks - Side agreements lacking economic substance, investment income listed as revenue, release of revenue improperly held back before a merger, and more

Expense traps - Shifting of current expenses to an earlier period, costs amortized too slowly, impaired assets not written down, and others

Liability scams Failure to record expenses and their related obligations, creation of sham rebates, reducing liabilities by changing accounting assumptions, and more.

Also included in this one-of-a-kind primer are recommendations of oversight committees charged with investigating questionable financial practices. Insights are provided into historys most well-known and financially devastating frauds including the all-too-familiar warning signs behind this decades massive Enron debacle. Numerous checklists, graphs, tables, and an accounting tutorial appendix make in-depth explanations both clear and accessible, even for those with little or no background in accounting or financial analysis.

Though much has changed in todays business world, dishonest company executives will still stretch and even hide the truth in their search for faster revenue growth, attractive balance sheets, and higher stock prices. Financial Shenanigans digs deep into both the age-old psychology and up-to-the-minute tactics of corporate greed, and provides a step-by-step procedure for looking into a companys black-and-white financials to protect your investmentwhile you still have an investment to protect.

Howard M. Schilit, Ph.D., CPA, is president of the Center for Financial Research and Analysis (CFRA), a leading independent financial research organization, and is one of todays leading authorities on detecting accounting gimmicks. Dr. Schilit, a former professor at American University, has been quoted or featured in numerous business publications including The Wall Street Journal, BusinessWeek, Fortune, and The New York Times, and has appeared on CNBC, CNN, and other networks. He is also the coauthor of Blue Chips and Hot Tips.

240 pages

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czy wybrany tytuł polskojęzyczny lub anglojęzyczny jest aktualnie na półce księgarni.