Financial Shenanigans

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:

• 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.