This volume demystifies the mechanics of financial shenanigans or earnings management (EM) in the interests of investors and other stakeholders who are affected by corporate fiascos. It brings extensive real-world experience of forensic accounting and analytics capabilities to examine "financial hazards," how they inevitably result in financial and corporate blowups, and what lessons we can draw from them, such as those of Enron, WorldCom, Satyam Computers, Kingfisher Airlines, Lehman Brothers, and of late IL&FS, Silicon Valley Bank (SVB), and many more. The book decodes: The nuances and intricacies of forensic accounting; Revenue, expense, and assets manipulation; Identification of “red flags” and quantitative analysis; Fraud prevention mechanics. Richly illustrated with tables, figures, and learning tools, this volume will be indispensable for individuals, business managers, and management students pursuing courses related to forensic accounting, financial shenanigans, and financial ethics. It will also be an important resource for executive and management development programmes (EDPs & MDPs), as well as professionals, corporates, entrepreneurs, government officials, academicians, and researchers looking for a quick refresher on financial manipulations.