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.
"synopsis" may belong to another edition of this title.
Dr. Howard Schilit is a pioneer in the field of detecting accounting tricks in corporate financial reports that mislead investors. He is the author of Financial Shenanigans: How to Detect Accounting Gimmicks & Fraud in Financial Reports, now in its 3rd Edition. Howard was the founder and CEO of CFRA, a global forensic accounting research organization. He has been a leading spokesman before the US Congress, the SEC, and global media outlets about the causes and early warning signs of accounting tricks in public filings. Dr. Schilit began his career as an Associate Professor of Accounting at American University and continues to teach and lecture all over the world. Dr. Schilit holds his doctorate in Accounting from the University of Maryland.
Jeremy Perler, CFA, CPA, is the Director of Research at Schilit Forensics and co-author of Financial Shenanigans: How to Detect Accounting Gimmicks & Fraud in Financial Reports (3rd edition, 2010). Previously, Jeremy served as the in-house Forensic Accounting Analyst for Coatue Management, a long/short equity hedge fund; Director of Research for CFRA; and auditor for PricewaterhouseCoopers. In addition, Mr. Perler serves on the FASB's Financial Accounting Standards Advisory Council (FASAC) as a representative of the Investor Community. Jeremy holds a Master of Accounting and a BBA from the University of Michigan Ross School of Business.
"It's 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
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Hardback. Condition: Fair. 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 businessThis 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. Seller Inventory # CIN126011726XA
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Seller: World of Books Inc, Montgomery, IL, U.S.A.
Hardback. Condition: Fair. 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 businessThis 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. Seller Inventory # CIN126011726XA
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hardcover. Condition: Very Good. Item may have minor cosmetic defects (such as marks, wears, cuts, bends, or crushes) on the cover, spine, pages, or dust cover. Shrink wrap, dust covers, or boxed set case may be missing. Item may contain remainder marks on outside edges. Item may be missing bundled media. Satisfaction guaranteed. Thank you! Seller Inventory # 08-20-2026-Bulk-Shelf 39/G015
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hardcover. Condition: Very Good. ***VERY GOOD*** Contains one or two pages of minor writing or highlights, and Underlines. Legible and in good shape. Minor to slightly heavy wears on cover from warehouse shelves. (Used so may not contain codes/CDs/Inserts that is included with the book. Seller Inventory # VB860312084