Product Description
by Jeffrey M. Madura (Author)
Explains common accounting maneuvers, distortions, and outright deceptions that savvy investors must be able to recognize. This book provides investors with: methods for uncovering scams that distort revenues, hide expenses; studies of infamous accounting frauds and how they could have been avoided; a zero-tolerance investing code, and more.
Back Jacket
Where to Look and What to Look For to Keep From Getting Blindsided By Deceptive Accounting and Sham Stocks
Questionable corporate accounting practices have cost millions of investors billions of dollars over the past few years. More often than not, these investors didn't know how much trouble their portfolios were in until it was too late.
"What Investors Need to Know About Accounting Fraud provides you with no-nonsense techniques for uncovering and avoiding stocks whose numbers simply don't add up. Written in jargon-free language designed to be both understandable and valuable to any investor, this easy-to-follow portfolio insurance plan will show you how to: Look behind the curtain to identify when accounting tricks have inflated a company's revenue, deflated its expenses, or worse Detect when a company's reported numbers have been "massaged" to hide significant problems Adopt a zero-tolerance attitude and dramatically reduce your risk of falling prey to unethical corporate behavior
Despite recent reforms, troubled companies are still out there, propping up their stocks with bogus accounting and putting investors at risk. Let "What Investors Need to Know About Accounting Fraud help you ensure these ticking time bombs don't end up in your portfolio, and keep you from betting your future on the next Enron or WorldCom.
