Abstract
Inflated profits . ? Suspicious write-offs . ?. Shifted expenses .? . These and other dubious financialmaneuvers have taken on a contemporary twist as companies pull out the stops in seeking to satisfy Stock Market. Financial Shenanigans pulls back the curtain on the current climate of accounting fraud. It presents tools that anyone who is potentially affected by misleading business valuations--from investors and lenders to managers and auditors--can use to research and read financial reports, and to identify early warning signs of a companys problems. A bestseller in its first edition, Financial Shenanigans has been thoroughly updated for todays marketplace. New chapters, data, and research reveal contemporary shenanigans that have been known to fool even veteran researchers.Revenue tricks—Side agreements lacking economic substance, investment income listed as revenue, release of revenue improperly held back before a merger, and moreExpense traps—Shifting of current expenses to an earlier period, costs amortized too slowly, impaired assets not written down, and othersLiability scams—Failure to record expenses and their related obligations, creation of sham rebates, reducing liabilities by changing accounting assumptions, and moreCould we find the financial risk in advance on the Market Observation Post System ( http ://newmops.tse.com .tw)? What information that the system should provide to us? We will discuss in this research.