book "Financial Shenanigans"

"Financial Shenanigans" by Howard Schilit is a guide to identifying accounting tricks companies use to distort their financial appearance. It explains common practices such as revenue inflation, expense manipulation, and asset overstatement that can mislead investors and stakeholders. The book reveals how these tactics can temporarily enhance a company's financial health but often obscure underlying issues. By understanding these red flags, readers can better assess a company's true financial condition and avoid being misled by seemingly positive reports. It’s a valuable resource for anyone interested in recognizing deceptive accounting strategies and making informed financial decisions.