Financial Shenanigans, Fourth Edition: How to Detect Accounting Gimmicks and Fra

Description: Financial Shenanigans, Fourth Edition: How to Detect Accounting Gimmicks and Fraud in Financial Reports by Yoni Engelhart, Howard Mark Schilit, Jeremy Perler The "Sherlock Holmes of Accounting" shows you how to protect your investments and avoid being taken in by crooked companiesSince 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. Youll 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. FORMAT Hardcover LANGUAGE English CONDITION Brand New Back Cover "Its so much easier to be a good investor if you can avoid problems. This book is required reading for all investors who wish to enhance their forensic intuition. Howard, Jeremy and Yoni use excellent and powerful vignettes to illustrate how to detect accounting trickery and financial deception." --Philippe Laffont , Founder, Coatue Management "Howard Schilit and his team are true experts at identifying deceptive and manipulative accounting. Financial Shenanigans is an invaluable resource for every discerning investor." --Chase Coleman , Founder, Tiger Global Management "The name Howard Schilit is synonymous with accounting forensics. Earlier editions of this book were my go-to reference for fraud detection techniques and illustrative case studies. This latest edition adds important new insights on acquisition-related gimmickries. It is a must-have resource for all serious investors." -- Charles M. C. Lee , Moghadan Family Professor of Management and Professor of Accounting, Stanford Graduate School of Business "Though Accounting is surely the language of business, Howard is the master of teaching investors how to read between the lines." --Joel Greenblatt , Managing Principal, Gotham Asset Management "A must-read! The authors teach forensic financial statement analysis in an easy-to-digest format with lots of war stories. Guaranteed to help investors in their quest to avoid ticking time bombs in their portfolios." --Marc A. Siegel , board member, Financial Accounting Standards Board Author Biography Dr. Howard Schilit is the founder and CEO of Schilit Forensics, and a pioneer in the field of detecting accounting tricks in corporate financial reports. He is the author of all previous editions of Financial Shenanigans: How to Detect Accounting Gimmicks & Fraud in Financial Reports. Schilit has been a leading spokesman before the US Congress, regulators, and global media outlets about accounting tricks and the early warning signs of business deterioration in public filings. He began his career as a professor of accounting at American University and continues to teach and lecture all over the world.Jeremy Perler is the Director of Research at Schilit Forensics and co-author of the third edition of Financial Shenanigans: How to Detect Accounting Gimmicks & Fraud in Financial Reports. He serves on the Standing Advisory Group of the PCAOB. He previously sat on the FASBs Financial Accounting Standards Advisory Council (FASAC) as a representative of the Investor Community. He holds a Master of Accounting and a BBA from the University of Michigan Ross School of Business. Yoni Engelhart is a partner at Schilit Forensics. Previously, he served as a Principal at Partners Capital, a Product Management Specialist at Wellington Management Company; and held several roles at CFRA including Senior Analyst, Director of Business Strategy, and Director of Quantitative Research. Yoni is a CFA Charterholder. He holds a BS from the University of Maryland and an MBA from Harvard Business School. Table of Contents Preface: Reflections on My Last 25 YearsPart One: Establishing the FoundationChapter 1: 25 Years of ShenanigansChapter 2: Just Touch Up the X-RaysPart Two: Earnings Manipulation ShenanigansChapter 3: Earnings Manipulation Shenanigan No. 1: Recording Revenue Too SoonChapter 4: Earnings Manipulation Shenanigan No. 2: Recording Bogus RevenueChapter 5: Earnings Manipulation Shenanigan No. 3: Boosting Income with One-Time or Unsustainable ActivitiesChapter 6: Earnings Manipulation Shenanigan No. 4: Shifting Current Expenses to a Later PeriodChapter 7: Earnings Manipulation Shenanigan No. 5: Employing Other Techniques to Hide Expenses or LossesChapter 8: Earnings Manipulation Shenanigan No. 6: Shifting Current Income to a Later PeriodChapter 9: Earnings Manipulation Shenanigan No. 7: Shifting Future Expenses to the Current PeriodPart Three: Cash Flow ShenanigansChapter 10: Cash Flow Shenanigan No. 1: Shifting Financing Cash Inflows to the Operating SectionChapter 11: Cash Flow Shenanigan No. 2: Moving Operating Cash Outflows to Other SectionsChapter 12: Cash Flow Shenanigan No. 3: Boosting Operating Cash Flow Using Unsustainable ActivitiesPart Four: Key Metrics ShenanigansChapter 13: Key Metric Shenanigan No. 1: Showcasing Misleading Metrics that Overstate PerformanceChapter 14: Key Metric Shenanigan No. 2: Distorting Balance Sheet Metrics to Avoid Showing DeteriorationPart Five: Acquisition Accounting ShenanigansChapter 15: Acquisition Accounting Shenanigan No. 1: Artificially Boosting Revenue and EarningsChapter 16: Acquisition Accounting Shenanigan No. 2: Inflating Reported Cash FlowChapter 17: Acquisition Accounting Shenanigan No. 3: Manipulating Key MetricsPart Six: Putting it all TogetherChapter 18: The UnravelingChapter 19: The Forensic MindsetIndexAcknowledgments Details ISBN126011726X Edition 4th ISBN-10 126011726X ISBN-13 9781260117264 Format Hardcover Country of Publication United States DEWEY 657.3 Pages 336 Author Jeremy Perler Year 2018 Publication Date 2018-03-28 Replaces 9780071703079 Birth 1952 Publisher McGraw-Hill Education Imprint McGraw-Hill Education Place of Publication OH Textbook 1 Language English AU Release Date 2018-04-23 NZ Release Date 2018-04-23 US Release Date 2018-04-23 UK Release Date 2018-04-23 Edition Description 4th edition Audience Professional & Vocational We've got this At The Nile, if you're looking for it, we've got it. 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