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Howard Schilit
Financial Shenanigans
If you want to protect your investments and avoid being fooled by flashy financials, this book gives you the toolkit to detect deception hidden in plain sight.
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Core Biz Category:
Finance
Growth Category:
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What's You Learn?
Good companies can hide bad numbers until it's too late – Financial Shenanigans by Howard Schilit exposes seven accounting tricks that fool investors before spectacular collapses.
This comprehensive fraud detection summary and key takeaways reveal:
The hidden gem: Schilit's "quality of earnings" analysis predicted Enron's collapse two years early.
Ready to Click.Apply.Grow™? Check cash versus earnings trends. Question aggressive accounting changes. Verify customer revenues. Investors using Schilit's techniques avoid 85% of major accounting frauds before losses.
Trust, but verify everything.
This comprehensive fraud detection summary and key takeaways reveal:
- Revenue Manipulation - Recording tomorrow's sales today or channel stuffing
- Expense Shifting - Moving current costs to later periods for prettier profits
- Cash Flow Games - Reclassifying operations to look healthier than reality
- Red Flag Patterns - Spot warning signs before Wall Street analysts
The hidden gem: Schilit's "quality of earnings" analysis predicted Enron's collapse two years early.
Ready to Click.Apply.Grow™? Check cash versus earnings trends. Question aggressive accounting changes. Verify customer revenues. Investors using Schilit's techniques avoid 85% of major accounting frauds before losses.
Trust, but verify everything.
Strategies
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About the Author
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"text": "The book covers seven types of financial shenanigans, including revenue manipulation, expense shifting, cash flow distortion, acquisition abuse, and deceptive non-GAAP metrics."
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"text": "Yes, the book includes real-world case studies such as Enron, Waste Management, and Valeant to show how financial misrepresentation unfolds and what red flags were missed."
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"text": "You'll learn how to spot misleading financial practices, analyze earnings quality, read footnotes with a forensic eye, and protect yourself from being misled by financial statements."
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5
Strategies—Don't Just Read;
Apply
Aim at the Smallest Viable Audience
Create a Compelling Story
Offer Generosity First
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5
Strategies—Don't Just Read;
Apply
Aim at the Smallest Viable Audience
Create a Compelling Story
Offer Generosity First
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