6 of 8 people found the following review helpful
Finally, a book for real investors,
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This review is from: What's Behind the Numbers?: A Guide to Exposing Financial Chicanery and Avoiding Huge Losses in Your Portfolio (Hardcover)
This is definitely not one of those "Lemonade Stand" accounting books that claims to explain to everything you need to know about accounting from the eyes of a 8 year old girl selling watered down Hi-C to dumbed down readers who don't know a stock from a bond. Rather "What's Behind the Numbers" treats you like a grown-up and uses real world examples of fraud and flimflam to instruct and inform.
Each chapter contains a case study including investigative alerts that John Del Vecchio sent to his hedge fund clients before the fit hit the sham. These were all written in advance, based only on the evidence publically available at the time, and they have not been re-written after the fact to improve the story. You don't need to read too many of these to know that these guys know what they are talking about.
In addition, unlike most accounting books written by people with the personality of an accounting professor, if you've read anything else by Tom Jacobs, you know he can really write. He uses an engaging style that holds the readers interest through the depths of the details where the accounting devils reside.