Wow! eBook
What Every Investor Needs to Know About Accounting Fraud
Author(s): Jeff Madura (Author)
- Publisher: McGraw-Hill
- Publication Date: December 2, 2003
- Edition: 1st
- Language: English
- Print length: 160 pages
- ISBN-10: 0071422765
- ISBN-13: 9780071422765
Book Description
Everything investors who skipped accounting class need to know to spot–and steer clear of–companies whose numbers don’t add up
Individual investors today are painfully aware that accounting fraud is more widespread than ever, yet often they aren’t sure what this fraud looks like or even where to look. What Every Investor Needs to Know About Accounting Fraud explains common accounting maneuvers, distortions, and outright deceptions that savvy investors must be able to recognize and steer clear of, all in a concise, easy-to-understand format. Professor Jeff Madura has created a book that is both accessible and informative, and doesn’t talk down to the reader. Concise yet complete, it provides investors with:
- Methods for uncovering scams that distort revenues, hide expenses, and more
- Studies of infamous accounting frauds and how they could have been avoided
- A zero-tolerance investing code, useful for protecting portfolios
Editorial Reviews
From the Back Cover
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.
About the Author
Jeff Madura, Ph.D. is the SunTrust Bank Professor of Finance at Florida Atlantic University, where he also heads the doctoral program. Professor Madura is the author of a number of leading college textbooks as well as numerous articles for academic publications. He lives in Fort Lauderdale, Florida.
