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Description of Financial Shenanigans

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 valuations - from investors and lenders to managers and auditors - can 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.

Title Information

ISBN:

9780071386265

Pages:

240 pages

Format:

Hardback

Product Code:

9502

Publisher:

McGraw-Hill

Published:

01/04/2002

Edition:

2nd Revised edition

Press and Industry Reviews

'This book is must reading for every investor who desires to avoid financial losses created by the minefields associated with generally accepted accounting principles.'
Thornton L. O'Glove, Publisher, Quality Of Earnings Report



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About Howard M. Schilit

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 today's 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.

Contents of Financial Shenanigans

1. What are shenanigans?
2. Searching for shenanigans
3. Shenanigan No. 1: Recording Revenue Too Soon
4. Shenanigan No. 2: Recording Bogus Revenues
5. Shenanigan No. 3: Boosting Income with One-Time Gains
6. Shenanigan No. 4: Shifting Current Expenses to a Later Period
7. Shenanigan No. 5: Failing to Record or Disclose All Liabilities
8. Shenanigan No. 6 : Shifting Current Income to a Later Period
9. Shenanigan No. 7: Shifting Future Expenses to the Current Period
10. Cash Is King: Study the Statement of Cash Flows
11. Keep Everything in Balance: Inventory, Sales, and Receivables
12. Preventing Shenanigans
13. A Century of Shenanigans