Reddit reviews Financial Shenanigans, Fourth Edition: How to Detect Accounting Gimmicks and Fraud in Financial Reports
We found 5 Reddit comments about Financial Shenanigans, Fourth Edition: How to Detect Accounting Gimmicks and Fraud in Financial Reports. Here are the top ones, ranked by their Reddit score.
If you're interested in digging into this I'd highly recommend Financial Shenanigans: How to Detect Accounting Gimmicks and Fraud in Financial Reports.
> Was someone able to identify something fishy in their publicly released statements (balance sheets, P&L) or any other news/indicators which could have acted as precedence to something being wrong and thereby avoid such companies in their investment portfolio?
There are some ways to check this - but nothing that is 100% reliable.
You should read about Beneish M-Score and Financial Shenanigans.
The M-Score tries to predict if the reported earnings are being manipulated.
The book Financial Shenanigans looks at common ways companies try to manipulate earnings, cash flow and other metrics in their financial reports.
I would start here
Some additional books that I like are:
Financial Schnanigans
Avoiding the winner's curse
If you are interested in high-yield debt (and you should be, this is where all of the action is), then read the first four books on Amazon
Finally, learn the basics of accounting and financial accounting. Finance is just a bunch of ratios. You need to understand how the numbers are created before you can analyze them.
https://www.amazon.com/Financial-Shenanigans-Fourth-Accounting-Gimmicks/dp/126011726X/ref=pd_lpo_sbs_14_t_0?_encoding=UTF8&psc=1&refRID=B4XAMMAKCJH29WCWAQYQ
Yes, on the front page for the product it is shown to be about the same price, which was the point. $23 + ship = $27. You can see here if you want to see the shipping listed seperately