- Hardcover: 240 pages
- Publisher: McGraw-Hill Professional; 2 edition (1 April 2002)
- Language English
- ISBN-10: 0071386262
- ISBN-13: 978-0071386265
- Product Dimensions: 23.2 x 15.4 x 3.4 cm
- Average Customer Review: 4.5 out of 5 stars See all reviews (6 customer reviews)
- Amazon Bestsellers Rank: 245,867 in Books (See Top 100 in Books)
- See Complete Table of Contents
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Product Description
Product Description
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 presents tools that anyone who is potentially affected by misleading business valuationsfrom investors and lenders to managers and auditorscan use to research and read financial reports, and to identify early warning signs of a company's problems. A bestseller in its first edition, Financial Shenanigans has been thoroughly updated for today's marketplace. New chapters, data, and research reveal contemporary "shenanigans" that have been known to fool even veteran researchers.
From the Publisher
Current, up-to-date edition written by a leading expert in the area of financial research and accounting fraud
Early warning signs of shenanigans and how to identify them
The old tricks with the new variations of each shenanigan
Biggest accounting frauds in the last decade
New shenanigans for the Internet age
Updated, real-world examples, including Snapple and Microsoft
New focus on international shenanigans
Revised introductions for each shenanigan
Reworked Preface with latest information and explanation of the new “tricks”
Early warning signs of shenanigans and how to identify them
The old tricks with the new variations of each shenanigan
Biggest accounting frauds in the last decade
New shenanigans for the Internet age
Updated, real-world examples, including Snapple and Microsoft
New focus on international shenanigans
Revised introductions for each shenanigan
Reworked Preface with latest information and explanation of the new “tricks”
Inside This Book
(Learn More)
First Sentence
Mention the word whopper to hamburger lovers and many of them will think of the fast-food giant Burger King. Read the first page
Front Cover | Copyright | Table of Contents | Excerpt | Index | Back Cover
Mention the word whopper to hamburger lovers and many of them will think of the fast-food giant Burger King. Read the first page
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Front Cover | Copyright | Table of Contents | Excerpt | Index | Back Cover
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Customer Reviews
Most Helpful Customer Reviews
4 of 4 people found the following review helpful
Format:Hardcover
Schilit does a great job putting some often overlooked and common financial practices into perspective as it relates to examining the quality of a company's financial reports. Many of the topics covered in the book are conceptually easy to understand and supported by real life examples.
1 of 1 people found the following review helpful
Format:Hardcover
Author Howard Schilit writes in surprisingly plain English, and providesthe reader with a toolkit to determine what's so rotten in Denmark - or onWall Street. You don't have to be an experienced reader of financialreports to learn a lot from this book. Schilit offers more than theory; heprovides specific examples and case studies. Learn about the manager whoreduced future expenses by purchasing $12 million worth of advance postagemetering at the end of the year. Find out how "Chainsaw Al" Dunlop droveup the price of Sunbeam stock by creating a $35 million reserve, all whilelaying off 11,000 employees. Learn the inside story of how Enron becamethe poster child for corporate wrongdoing. We highly recommends this bookto independent investors, and anyone else who needs to understand howunethical execs cook the books. It may not save you from losing a bundle,but at least you won't feel like you're in a battle of wits and devoid ofweaponry.
1 of 1 people found the following review helpful
Format:Hardcover
Author Howard Schilit writes in surprisingly plain English, and provides the reader with a toolkit to determine what’s so rotten in Denmark — or on Wall Street. You don’t have to be an experienced reader of financial reports to learn a lot from this book. Schilit offers more than theory; he provides specific examples and case studies. Learn about the manager who reduced future expenses by purchasing $12 million worth of advance postage metering at the end of the year. Find out how “Chainsaw Al” Dunlop drove up the price of Sunbeam stock by creating a $35 million reserve, all while laying off 11,000 employees. Learn the inside story of how Enron became the poster child for corporate wrongdoing. We highly recommends this book to independent investors, and anyone else who needs to understand how unethical execs cook the books. It may not save you from losing a bundle, but at least you won’t feel like you’re in a battle of wits and devoid of weaponry.
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Most Recent Customer Reviews
Protect your investment
Financial Shenanigans is not a quick read. But, it elevates an investor to a completely different level. Warren Buffett said Rule No. 1: Never lose money, Rule No. Read more
Published on 15 Nov 2009 by Mariusz Skonieczny
Undecided (and the spelling mistakes need addressing)
Withholding judgement on whether this is a worthwhile book or not...the spelling mistakes within the first few pages do not give the reader any confidence to take seriously what... Read more
Published on 12 Aug 2003 by money saver
A very interesting book
This book helps me avoid stocks that blow up. It is a very useful tool that no investor should be without.
Published on 17 April 1999
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