By Howard Schilit

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Techniques to discover and stay away from accounting frauds and scamsInflated earnings . . . Suspicious write-offs . . . Shifted costs . . . those and different doubtful monetary maneuvers have taken on a latest twist as businesses pull out the stops in trying to fulfill Wall highway. monetary Shenanigans pulls again the curtain at the present weather of accounting fraud. It offers instruments that anybody who's probably stricken by deceptive company valuations­­from traders and creditors to managers and auditors­­can use to analyze and skim monetary experiences, and to spot early indicators of a company's difficulties. A bestseller in its first variation, monetary Shenanigans has been completely up-to-date for today's industry. New chapters, information, and study exhibit modern "shenanigans" which were recognized to idiot even veteran researchers.

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Additional resources for Financial Shenanigans: How to Detect Accounting Gimmicks & Fraud in Financial Reports (2nd Edition)

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Qxp 1/16/07 32 7:00 PM Page 32 Financial Reporting Summary Companies are required to regularly file their financial reports with the SEC and disclose them to the public. S. Generally Accepted Accounting Principles (GAAP). While the aforementioned financial reports are comprehensive, they are by no means exhaustive. 1) arising from various transactions they may undertake in the course of their business. 1 SUMMARY OF OTHER FINANCIAL REPORTS 13-D: Tender Offers/Acquisition Reports Related: 14D-1, SC 14D-1 A 13-D by must be filed by 5%-or-more equity owners within 10 days of acquisition.

Com receives cash on February 1, 2008. com record revenue? Expenses? com will record $20 in revenues and $10 in expenses on January 4, 2008. com purchases a book from a publisher for $10 on May 5, 2006. com receives a $20 credit card order for that book on December 29, 2007. ➯ The book is shipped to the customer on January 4, 2008. com receives cash on February 1, 2008. Why can’t companies immediately record these revenues and expenses? According to the revenue recognition principle, a company cannot record revenue until that order is shipped to a customer (only then is the revenue actually earned) and collection from that customer, who used a credit card, is reasonably assured.

3 MANAGEMENT’S DISCUSSION AND ANALYSIS IS A TREASURE TROVE OF INFORMATION AND MUST BE REVIEWED CAREFULLY Overview Wal-Mart Stores, Inc. (“Wal-Mart” or the “Company”) is a global retailer committed to improving the standard of living for our customers throughout the world. We earn the trust of our customers every day by providing a broad assortment of quality merchandise and services at every day low prices (“EDLP”) while fostering a culture that rewards and embraces mutual respect, integrity and diversity.

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