Financial Shenanigans

Financial Shenanigans is a detailed guide that helps investors and financial professionals detect deceptive financial reporting.

The book, written by Dr. Howard Schilit and Jeremy Perler, is divided into key sections including Earnings Manipulation Shenanigans, Cash Flow Shenanigans, and Key Metrics Shenanigans.

It provides tools and insights to identify various accounting tricks used by companies to mislead investors, such as recording revenue too soon, boosting income with one-time gains, and manipulating cash flow.

The book is updated to include the latest techniques used by companies to circumvent accounting rules and is considered a de-facto standard in the field of forensic accounting.