---
product_id: 61964514
title: "Financial Shenanigans, Fourth Edition: How to Detect Accounting Gimmicks and Fraud in Financial Reports Hardcover – March 7, 2018"
brand: "schilit"
price: "₨1341"
currency: SCR
in_stock: true
reviews_count: 7
url: https://www.desertcart.sc/products/61964514-financial-shenanigans-fourth-edition-how-to-detect-accounting-gimmicks-fraud
store_origin: SC
region: Seychelles
---

# Financial Shenanigans, Fourth Edition: How to Detect Accounting Gimmicks and Fraud in Financial Reports Hardcover – March 7, 2018

**Brand:** schilit
**Price:** ₨1341
**Availability:** ✅ In Stock

## Quick Answers

- **What is this?** Financial Shenanigans, Fourth Edition: How to Detect Accounting Gimmicks and Fraud in Financial Reports Hardcover – March 7, 2018 by schilit
- **How much does it cost?** ₨1341 with free shipping
- **Is it available?** Yes, in stock and ready to ship
- **Where can I buy it?** [www.desertcart.sc](https://www.desertcart.sc/products/61964514-financial-shenanigans-fourth-edition-how-to-detect-accounting-gimmicks-fraud)

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- schilit enthusiasts

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## Description

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## Customer Reviews

### ⭐⭐⭐⭐⭐ More fun than you'd expect for a book about financial statement analysis
*by N***C on March 9, 2024*

This book is probably of greatest value for investors in public market equities and for auditors of such companies, but it's also of use to investors in private companies and it's sufficiently well written that much of it will entertain fans of books about white collar crime and similar malfeasance.The authors explain what they're going to explain, then they explain it, then they explain what they just explained. And they use a lot of examples, mostly from the period around Y2K I think. At the end are three more in-depth summaries of companies that thrived under aggressive accounting practices before imploding. My only complaint is that I wish that section were a lot longer and covered a longer time period.

### ⭐⭐⭐⭐⭐ Insightful, Understandable, and Comprehensive
*by A***R on February 1, 2019*

I regret not reading this book sooner but am immensely happy with my decision to finally take the plunge. Accounting is such a technical field that it's easy to get lost in the weeds, but Howard Schilit does a fantastic job of keeping you grounded in the aerial view while delving into detail only when it's important. I have done public company analysis for many years (including some of them as a professional financial analyst/investor) and I decided to flag each page of the book where I learned either something entirely new or a new way of looking at the eccentricities of the financial statements. The value of this book is simple: I ran out of flags because I tagged so many pages.What I found helpful (and wish the author had included more, despite the fact that every chapter had multiple) were the direct quotes from corporate filings (usually the 10-Q/K) and parsing out what words or word changes matter and why. When I read annual reports now, I am much more sensitive to slight variations in descriptions of policies, sales, or even business between companies.If I had taken more than introductory accounting courses, I don't know that this would have been so helpful. But I didn't take those accounting courses and this was a great primer in why it's important to understand the nuance and mechanics of the financial statements. The timely examples, the parsing of corporate communications, and the great structure (where early examples in the book are used later on to illustrate more complex or well-hidden frauds) make the book a good read for someone with enough education to be literate in financial statements but not enough to forensically analyse them.Needless to say I recommend the book. I already gave a copy to a coworker -- who was similarly impressed.

### ⭐⭐⭐⭐ Required reading for MBA students
*by M***S on July 16, 2020*

This book was suggested by my accounting professor from my MBA program a few years ago. The updated version has some new examples (e.g. Satyam from India) worth noting. Any student who is familiar with financial statements will find this a quick read. I did not give this book a 5-star rating only because the content gets repetitive after a few pages. In future editions, the authors could try to condense the material to make it feel more scholarly.

## Frequently Bought Together

- Financial Shenanigans, Fourth Edition: How to Detect Accounting Gimmicks and Fraud in Financial Reports
- Financial Statement Analysis, 5th Edition: A Practitioner's Guide (Wiley Finance)
- The Interpretation of Financial Statements

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*Product available on Desertcart Seychelles*
*Store origin: SC*
*Last updated: 2026-01-26*