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Practice Drills: Spotting Forensic Red Flags in Financial Statements

A practice-first companion to Deep Dive into Financial Statement Fraud and Forensic Red Flags. You already know the theory of revenue games, capitalised costs, hidden debt and accrual manipulation; this course makes you find them yourself. Every lesson is a drill built on Indian filings: Screener.in data, annual reports and exchange disclosures on NSE and BSE, auditor reports and CARO remarks, and the notes to accounts where problems are usually disclosed in plain sight. You will rebuild ten-year forensic worksheets, reconcile profit to cash, test capitalisation and depreciation choices, dig out contingent liabilities and standalone versus consolidated gaps, compute the Beneish M-Score and Sloan accruals by hand, and finish with blind full-company drills that end in a position decision. Built for experienced retail investors, active traders and HNI investors who want a repeatable forensic routine rather than a list of scandals.

Forensic AccountingEarnings QualityCash Flow ForensicsHidden LiabilitiesBeneish M-ScoreScreener.in Practice

MODULES

7

DURATION

4 Hours

TRACK

Forensic Accounting & Compliance

What You'll Master

Build a ten-year forensic worksheet for any listed Indian company from Screener.in and BSE/NSE filings

Test whether reported revenue and margins are confirmed by cash collections, input costs and peers

Catch capitalised expenses, stuck CWIP, depreciation policy changes and deferred impairments

Reconcile PAT to operating cash flow and spot cash flow classification games

Dig out contingent liabilities, corporate guarantees, off-balance-sheet debt and subsidiary dumping

Compute the Beneish M-Score, Sloan accruals and Altman Z-Score by hand and know where each misleads

Run a blind full-company forensic review and turn the red flag count into a hold, trim or exit decision

Access Level

LEARNER

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Everything included

Full Text Playbooks

Actionable Exercises

Mobile Reading Mode

Lifetime Updates

Curriculum Breakdown

Chapter 1: Setting Up the Forensic Drill

2 Lessons

Your Forensic Drill Kit: Documents, Ratios and the Order to Read Them12 min read

Drill: Building a Ten-Year Forensic Worksheet From Screener.in and BSE Filings14 min read

Chapter 2: Revenue and Earnings Quality Drills

3 Lessons

Drill: Revenue Growth That Cash Collections Do Not Confirm14 min read

Drill: Other Income, Exceptional Items and One-Off Gains Propping Up Profit13 min read

Drill: Margin Jumps That Peers and Input Costs Cannot Explain13 min read

Chapter 3: Expense and Asset Drills

3 Lessons

Drill: Capitalised Costs, CWIP That Never Completes and Swelling Intangibles14 min read

Drill: Depreciation Policy Changes and Useful-Life Extensions12 min read

Drill: Impairments Deferred for Years, Then Taken All at Once13 min read

Chapter 4: Cash Flow Drills

3 Lessons

Drill: Reconciling PAT to Operating Cash Flow Over Five Years14 min read

Drill: Cash Flow Classification Games Between Operating, Investing and Financing13 min read

Drill: The Cash-Rich, Debt-Heavy Paradox and the Implied Yield on Cash13 min read

Chapter 5: Hidden Liabilities and Disclosure Drills

3 Lessons

Drill: Contingent Liabilities, Corporate Guarantees and Off-Balance-Sheet Debt14 min read

Drill: Reading the Auditor's Report, CARO Remarks and Emphasis of Matter Paragraphs13 min read

Drill: Standalone vs Consolidated Gaps and Losses Parked in Subsidiaries13 min read

Chapter 6: Forensic Scoring Model Drills

2 Lessons

Drill: Computing the Beneish M-Score by Hand for an Indian Company15 min read

Drill: Sloan Accruals and Altman Z-Score Side by Side14 min read

Chapter 7: Full Forensic Drills

3 Lessons

Full Drill: Reading a Pre-Collapse Annual Report Blind15 min read

Full Drill: Two Companies, One Sector, One Hidden Problem15 min read

Full Drill: From Red Flag Count to a Hold, Trim or Exit Decision13 min read