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Financial Shenanigans: How to Detect Accounting Gimmicks & Fraud in Financial Reports
Techniques to uncover and avoid accounting frauds and scams Inflated profits . . . Suspicious write-offs . . . Shifted expenses . . . These and other dubious financial maneuvers have taken on a contemporary twist as companies pull out the stops in seeking to satisfy Wall Street. Financial Shenanigans pulls back the curtain on the current climate of accounting fraud. It pre...more
Hardcover, Second Edition, 240 pages
Published
March 1st 2002
by McGraw-Hill Companies
(first published February 1st 1993)
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Financial Shenanigans is by Howard Schilit, president of the Center for Financial Research and Analysis. It is a very readable step-by-step guide to detecting fraud by reading financial statements.
Most of the big corporate scandals in the past few years have been in one way or another accounting scandals. Either accounting was the primary method of committing fraud, or else accounting was used to cover up other malfeasance. Schilit identifies seven "shenanigans" and the way...more
Most of the big corporate scandals in the past few years have been in one way or another accounting scandals. Either accounting was the primary method of committing fraud, or else accounting was used to cover up other malfeasance. Schilit identifies seven "shenanigans" and the way...more
Another classic -- for those who remember the quip (I first heard about it via Abe Brillof) that GAAP should be renamed: Commonly Reported Accounting Principles
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quite possibly the best book on what perspectives to take in reading financial statements. Oh the games bad managers play...
A reference book on accounting "cooking"
A solid basic book on what to look for when analyzing the shenanigans of a company. It gave me a few good ideas on adjusting my process. I woudl recommend to those that are learning to become skeptics of management teams and earnings releases.
This book provides an extensive case study of various accounting shenanigans that corporations have used. It's organized by category and provides many detailed examples of each kind of accounting "creativity".
This was one of the best books I've had to read for class (which is good, because it's required reading again next semester). I don't think it would be very useful to anyone who isn't an auditor or investor.
This is fairly easy to read and interesting in what to look for in companies financial statements that may indicate some funny accounting going on.
A slight book that could stand to be slighter. But hey: accounting is accounting. 4 stars!
Handy little book!!
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