Financial Shenanigans: How to Detect Accounting Gimmicks & Fraud in Financial Reports, Third Edition Hardcover – 16 Jun. 2010

If you are looking for an edge in the investing business, you should not miss this book.You will find lots of case studies of questionable accounting methods, practices, and shenanigans inside. I bought the book because I wanted to increase my skills of spotting when the management of particular company is trying to manipulate the company's financial reports. When I read it was an eye opener for me. I was just not aware of how many creative tricks are out there.The book provides with the tools of spotting the possible gimmicks of the business world. If you are serious about business you will find the book useful as I am.

Authors gave a good overview, and distilled the essence of earnings manipulation/obfuscation very well, without getting bogged down in heavy accounting verbiage. Is useful for the professional and retail investor alike - would also recommend creative cash flow reporting.

The more I read this book the more I understand. I have given it 4 stars because it does not always fully translate to UK law.

Pros:Chock full of relevant examples for each trickBroad range of methods examinedGives rules for understanding new tricksEssential for anyone who wants to properly analyse companiesCons:None

The book lucidly explains in a very simple language the accounting gimmicks and frauds which can be identified by keeping an eye on some data and facts mentioned in the statements and /or notes to accounting.

I am amazed by this book. Very solid, succinct, clear and easy to understand. I have learnt so much. A masterpiece​ in its category.

There are many books written from a theoretical perspective that merely regurgitate known approaches without adding anything new. This book is in a different class as it provides detailed cases to demonstrate the points that it seeks to make, drawing on information where manipulation or fraudulent activity has taken place. It is also written in a user friendly manner and is not filled with jargon but states the cases clearly and succinctly. It will not help you to stop all cases of fraud but will open up a number of avenues that would merit further investigation if you feel that all is not well.Well worth the money and an informative as well as an interesting read.