J. V. Bruni and Company
1528 North Tejon Street
Colorado Springs, Colorado 80907
(719) 575-9880 or (800) 748-3409
J. V. Bruni and Company1528 North Tejon Street Colorado Springs, Colorado 80907 (719) 575-9880 or (800) 748-3409
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Financial Shenanigans,
by Howard Schilit.  It’s
one thing to review company earnings or browse financial reports; it’s
quite another to understand how accounting choices have colored and
influenced the results. Schilit offers clear guidance on how to review,
with purpose and skepticism, all manner of financial reports from the
balance sheet to the most obscure footnotes, so that investors can
understand what companies are saying—or possibly not saying. Using data
from actual published financial reports, this book provides real
examples of fraudulent, misleading and aggressive accounting. Schilit
goes on to describe what companies are trying to hide in using these
gimmicks and the impact of their distortions. Because Schilit avoids
jargon and speaks plainly, his work is accessible to all readers
regardless of financial knowledge. |
“Is there any way an ordinary investor can protect against being torpedoed by financial scams and gimmicks?...The answer lies in investors, large and small, becoming more skeptical and informed consumers of glowing financial reports, and efforts like Schilit's may help us get there.” Louis Rukeyser |