Tesco
What Every Investor Needs to Know About Accounting Fraud
Book

What Every Investor Needs to Know About Accounting Fraud

Jeff Madura
McGraw-Hill, 2004

Read or listen offline

自动生成的音频
  • 0.5×
  • 0.75×
  • 1×
  • 1.25×
  • 1.5×
  • 1.75×
1×
自动生成的音频

Editorial Rating

8

Qualities

  • Applicable

Recommendation

Author Jeff Madura provides an excellent short guide through the perilous territory of financial statement analysis. Wasting no words, he presents all the average individual investor absolutely needs to know about corporate financial reports. He tells you why you shouldn’t trust them, and then shows you how to apply a skeptic’s perspective to figuring out what reported numbers really mean. The market for investment books is a crowded one, but this is a standout: a thoroughgoing and systematic combination of curiosity, knowledge and prudent suspicion. getAbstract.com highly recommends this book to all investors. Before you climb into the investors’ ring, carefully consider the advice that referees give boxers before a bout: Protect yourself at all times.

Take-Aways

  • Investors should read accounting statements carefully and knowledgably, especially the footnotes where companies often bury bad news.
  • Pay attention to write-offs, restructuring charges and the like in financial statements.
  • Companies want to make themselves look good to those who buy and sell their stock.

About the Author

Jeff Madura is the SunTrust Professor of Finance at Florida Atlantic University and author of the textbooks International Financial Management and Financial Markets and Institutions.

Comment on this summary or 开始讨论