Financial Shenanigans

About the book

This 2nd edition of the book is around 295 pages. As far as I know, this is sold only as hardcover editions. There is currently a new hardcover edition which is more available and updated.

Contents

As the subtitle infers, most of the chapters of this book provide clear instructions on how to detect accounting gimmicks and fraud (shenanigans). It will provide you, the reader, with specific items and trends to watch out for when reviewing a company's financial books.

Review

For those who have access to a company's books and who do a lot of financial auditing, this book is a must read. You do not need to be a CPA to understand this book. However, you will need to have at least a basic knowledge of financial accounting. Furthermore, most of the examples provided were publicly-listed firms in the United States. Hence, some of the accounting gimmicks may not be applicable for other types of companies.   

Difficulty Level = 4/5

This book requires a good basic knowledge of financial accounting in order to appreciate the lessons taught in this book.

Personal Rating = 3.5/5

Although this work is not useful for everyone, it certainly provides very specialized knowledge to those who know how to make use of it.

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