Shuchi Nahar's Weekend Blog!

Financial Shenanigans to be traced over the years (Part-1) Link for Part-2: https://myweekendspot.blogspot.com/2020/01/checklist-to-understand-recording-of.html Link for Part-3: https://myweekendspot.blogspot.com/2020/01/understanding-details-of-cashflow.html Follow for more updates:  @ shuchi_nahar While most companies act ethically and follow prescribed accounting rules when reporting their financial performance, some take advantage of gray areas in the rules (or worse, ignore the rules altogether) in order to portray their financial results in a misleadingly positive way. Management’s desire to put a positive spin on financial results has been around as long as corporations and investors themselves. Dishonest companies have long used these tricks to prey on unsuspecting investors, and it is unlikely that they will ever cease to do so. The lure of accounting gimmickry is particularly strong at companies that are struggling to keep up with their investors’ expectations or

Book: Shoe Dog - by Phil Knight(co-founder NIKE )  Summary :Shuchi.P.Nahar I ncredible book about Phil Knight  the Co-founder of Nike.  He clearly explains the struggle to build a brand,a business and to execute the idea into implementation. This book is a master piece for one to understand how management of business takes place, how a business is build from scratch to an empire.  Stanford graduate, after a year in the army, he was looking for meaning and had what he called “a crazy idea” Blue Ribbon — Early Beginnings Blue Ribbon (and later Nike) was always cash strapped, until it finally went public (decades later), because every cent was reinvested in ordering/producing more shoes and the company was doubling in size every year. Back then Venture Capital was non-existent and banks would reject Blue Ribbon, as they “didn’t have enough assets”, despite their insane growth. Strapped on money the company always kept super lean, working from storage rooms, surrounded b