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This is the story of Rebecca Smith and John R. Emshwiller, the two reporters who led the Wall Street Journal's reporting on Enron and uncovered the unorthodox partnerships at the heart of the scandal through skill, luck, and relentless determination. It all started in August 2001when Emshwiller was assigned to write a supposedly simple article on the unexpected resignation of Enron CEO Jeff Skilling. During his research, Emshwiller uncovered a buried reference to an off-balance-sheet partnership called LJM. Little did he know, this was the start of a fast and furious ride through the remarkable downfall of a once highly-prized company. Written in an intense, fast paced narrative style, 24 Days tells the gripping story of the colossal collapse of what would become the world's most notorious corporation. The reader follows along as Smith and Emshwiller continue to uncover new partnerships and self-dealing among the highest levels of Enron's management. As they publish articles detailing their findings in the Journal, Wall Street and individual investors have a crisis of confidence and start selling Enron stock at unprecedented levels of volume. In the end - 24 short days later - Enron had completely collapsed, erasing 16 years of growth and losing $19 billion in market value while watching the stock drop from $33.84 to $8.41. Not only was the company destroyed, but investors and retired employees were completely wiped out-all the while Enron executives were collecting millions of dollars. Climaxing with this 24-day period, this book shows the reporter's-eye view of a David-and-Goliath battle between journalists and a giant corporation. Each day a new story uncovered another fact; each day the company issued denials. And when the investigative stories reached critical mass and momentum, the stock market cast its final vote of no confidence. In the tradition of Indecent Exposure and Barbarians at the Gate, two other gripping narratives that began as a series of Wall Street Journal stories and ended up as books that defined an era, 24 Days brings the importance of great investigative journalism to life.

This highly regarded reference is relied on by a considerable part of the accounting profession in their day-to-day work. This handbook is the first place many accountants look to find answers to practice questions. Its comprehensive scope is widely recognized and relied on. It is designed as a single reference source that provides answers to all reasonable questions on accounting and financial reporting asked by accountants, auditors, bankers, lawyers, financial analysts, and other preparers and users of accounting information.

Barron's Business Review Books are typically used as college textbook supplements or as main texts in adult education and business brush-up courses. They also make excellent teach-yourself texts for readers who want to expand their business knowledge. This expanded and updated title explains accounting as the main tool for organizing, maintaining, recording, and analyzing the financial activities of every business. Topics explained include the accounting equation, the different financial statements and their differing functions, the process of recording business transactions, special journals and controls, assets and liabilities, inventories, payroll and much more. The text is filled with examples and with review questions and answers.

If you read the "business pages" of a newspaper or if you listen to the financial news on the television or radio, you will often hear terms such as "liability", "balance sheet" or "earnings". These terms turn up in non-financial contexts as well: "he was more of a liability than an asset".If you invest in shares, have a building society account, or sit on a committee of the property company which owns your apartment block, you will receive financial statements every year. If you are a manager in a company, a hospital or a school, you will see accounting information often. This Very Short Introduction provides a guide to understanding and using accounting information. Christopher Nobes explains the main areas of accounting work, from bookkeeping and financial reporting to auditing and management accounting. ABOUT THE SERIES: The Very Short Introductions series from Oxford University Press contains hundreds of titles in almost every subject area. These pocket-sized books are the perfect way to get ahead in a new subject quickly. Our expert authors combine facts, analysis, perspective, new ideas, andenthusiasm to make interesting and challenging topics highly readable.

A practical text guiding students and practitioners in the principles and practice of auditing and accounting research. Updates include a new fraud investigation chapter, an expanded AACSB accreditation feature on critical thinking and writing skills, a new chapter on tax research, and increased international coverage.

In the post - Enron-Andersen environment, ongoing changes in the needs of the global economy are forcing significant adjustments in international accounting and auditing standards. In a straightforward and readable style, the authors examine accounting practitioners' past challenges and future prospects, while discussing specific issues facing today's firms such as: independence as a growing problem of accounting firms; harmonization of auditing standards; adjustments facing the global financial system; and the impact of the Internet and communication systems on accounting firms. This book is essential reading for the student and practitioner in accounting, international business, finance, and economics.

Accounting Best Practices, Sixth Edition offers the latest and most important information on advanced techniques and strategies to help you increase productivity, reduce costs, and efficiently monitor a company's existing systems.
This new Sixth Edition has been fully updated to include ninety new best practices included in the chapters on Treasury Management, Billing, Accounts Payable, Payroll, and Inventory. In addition, two new chapters have been added on credit and collections.

This second edition of Accounting Ethics uses concrete examples and case studies to examine the ethical responsibilities of individual accountants as well as accounting firms. Approaches the myriad ethical issues in the accounting environment from both a theoretical and practical perspective Offers a comprehensive overview of ethics in accounting, as well as an examination of and recommendations for solving the current crisis in this field Investigates the nature and purpose of accounting Uses up-to-date case studies and addresses current issues such as the Sarbanes-Oxley Act Examines the ethical responsibilities of individual accountants as well as accounting firms

Set firmly within the larger context of American business history, "Accounting for Success" traces the evolution of the century-old, distinguished accounting firm of Price Waterhouse (PW). Allen and McDermott divide PW's history into three distinct periods. The first (1890 to the mid-1920s) covers the establishment of the American outpost of a British parent and the Americanization of its practice. The second (the next 40 years) highlights PW's rise to unrivaled professional leadership and the important role played by the audit. The third (the 1970s on) focuses on PW's response to the challenges brought about by the globalization of the economy, heightened competition among firms, and the growth of nonaudit services. The authors also address six central themes that recur throughout PW's history: the importance of the partner; the significant role played by the law in shaping the accounting profession's rights and responsibilities; the changing nature of accounting services; the continuously evolving and complex business environment; the highly visible role played by PW's leadership; and PW's worldwide approach to its business.

The new edition of this authoritative reference volume belongs on the bookshelf of every accountant, bookkeeper, accounting manager, business manager, and student majoring in business administration. Its early chapters represent an overview of financial accounting with focus on financial statements, management/cost accounting, analysis of financial statements, and up-to-date information on taxation. The major section that follows is a nearly-500-page A-to-Z dictionary of accounting terms, defining everything from Accelerated Cost Recovery System to Zero-Base Budgeting. Concluding chapters cover information technology (IT), quantitative methods for accounting, auditing, personal financial planning, governmental and non-profit accounting, forensic accounting, and international accounting. Added features include tables, diagrams, and extensive appendices.

A compilation drawn from over 500 years of English language accounting literature reflecting a lifetime of scholarly enquiry, this book comprises over 5000 quotations of between 1-20 lines in length. The book aims to give an historical perspective as well as an up-to-date overview of what accounting and accountants were, are and do, and is intended both as a reference book and a research tool. Its range extends from general interest to the advanced, covering rules, practices and standards, professional and academic opinions, and the social and logical foundations of accounting; it also draws on the work of scholars in other fields that have some bearing on accounting work and thought.

After Enron addresses the major lessons about accounting, auditing, taxation, and corporate governance that are illustrated by the collapse of Enron and other recent major corporate scandals. The book then develops a set of proposals for changes in public policy that would lead accountants, bankers, board members, lawyers, and corporate managers to better serve the interests of the general public.

The new edition of the accounting volume builds on the previous volume by focusing on the contribution of research to the analysis of existing accounting practices and to the development of new practices. The articles in the new edition have been prepared by experts on a wide range of topics in financial reporting: management accounting; auditing; and social accounting. All articles provide references to important sources in the academic and professional literature. The aim of the contributions is both to inform readers about different accounting topics and to indicate how a variety of research perspectives can contribute to the debate over the future shape of accounting.

Business reporting in a post-apocalypse global marketplace Clearly, now is the time for creating an effective business-reporting model appropriate for the markets of the twenty-first century. Rather than start from scratch after the Enron-Andersen fiasco, two leading consultants from PricewaterhouseCoopers present a plan that supplements the current model, one in which executives, accountants, analysts, investors, regulators, and other stakeholders can truly embrace the spirit of transparency. The Future of Corporate Reporting highlights the best practices for global financial reporting, explaining the concept of "performance auditing," which focuses on the real performance of the business as opposed to technical adherence to GAAS. Eccles and Masterson also discuss the pros and cons of GAAP v. IAS, present new approaches to reforming financial reporting, and outline a twenty-first-century model of accounting that will improve markets and benefit shareholders.

In a gripping and intriguing read, BUSINESS FAIRY TALES uses real-world scandals to illustrate the top twenty most common methods used by companies to fraudulently overstate their earnings and hide their debt. Based on an analysis of the frequency of Securities and Exchange Commission (SEC) enforcement actions, it identifies the twenty most prevalent accounting schemes. The book explains each accounting trick with a detailed, engaging story of a company and the officials who committed a spectacular version of that method of fictitious financial reporting. It goes behind the scenes to describe the organization's acts of deception, and to examine the character failures of the leaders. In addition to the specific cases, the book presents a compelling argument for the kind of reform that is needed, as well as the ethical frameworks that must support authentic reform. Ultimately, BUSINESS FAIRY TALES equips and empowers readers with the skills to spot signs of potential accounting fraud so that investors and employees can be forewarned of future financial shocks. It provides analysts and students with the specific, tell-tale signals of the top twenty financial-reporting frauds and schemes -- signals that are inevitably left behind in financial statements that have been manipulated.

Accounting fraud and how it has affected business practices both in the United States and internationally has never been of greater importance than it is now. Called to Account describes fourteen financial frauds that influenced the American public accounting profession and directly led to the development of accounting standards and legislation as practiced in the United States today. This entertaining and educational look at these historic frauds helps enliven and increase understanding of auditing and forensic accounting for students.

Comparative International Accounting takes a comprehensive look at the international dimensions of financial accounting and reporting. While the book's two main authors have written the majority of chapters, it includes several contributions from a diverse group of international experts, all of who are leading practitioners or academics. The book is split into four distinct parts with Part 1 giving an overview of international differences in accounting and financial reporting. Part 2 examines individual countries and includes country studies of UK, US, The Netherlands, France, Germany, Japan, Australia, Canada, Singapore, Scandinavia, Central and Eastern Europe and China. Part 3 looks at issues in financial accounting and the final part looks at analysis and management issues. For those in the accounting field seeking current information on all aspects of international accounting.

In late 2001, the Enron Corporation--a darling of the financial world, a company whose executives were friends of presidents and the powerful--imploded virtually overnight, leaving vast wreckage in its wake and sparking a criminal investigation that would last for years. Journalist Eichenwald transforms the Enron scandal into a rip-roaring narrative of epic proportions, suitable for readers of thrillers and business books alike. In the roller-coaster style of a novel, the narrative takes readers behind every closed door--from the Oval Office to the executive suites, from the highest reaches of the Justice Department to the homes and bedrooms of the top officers. It is a tale of global reach--from Houston to Washington, from Bombay to London, from Munich to Sao Paolo--laying out the unbelievable scenes that twisted together to create this shocking true story.

Take control and keep your company competitive. The controller's role in corporate America has become increasingly crucial and exceedingly complex. So how can new and established professionals enhance their performance and sustain their company's competitive advantage? With "The Controller's Function, Third Edition". From describing essential competencies cash management, budgeting, fraud prevention and establishing codes for corporate ethical behavior to detailing the more sophisticated skills like activity-based and target costing, disaster recovery planning, and outsourcing, "The Controller's Function" expertly balances both the technical and managerial sides of the job. You'll quickly access information on how to: use electronic spreadsheets for financial analysis; successfully implement a shared service center; enhance performance through online inventory systems, quick closing procedures; selecting adequate accounting software; and avoid insurance pitfalls through proper planning.

New guidance is constantly being provided to accountants by the Professional Ethics Executive Committee and the Independence Standards Board. CPAs and other financial professionals need a clear and up-to-date understanding of the complex AICPA Code of Professional Conduct, the definitive ethical guidelines of the profession. This work provides insights into this stringent code, including the information on the Independence Standards Board. With the use of diagrams, flowcharts, and other tools, the authors explain and interpret the code and illustrate how each state's ethics requirements vary from those of the AICPA.

The book presents a series of researched biographies of professional accountants who immigrated to the United States and developed their careers there in the late nineteenth and early twentieth century. These accountants greatly influenced the public accountancy profession, and this volume is a tribute to the efforts of a relatively small group of Scots who helped to establish and nurture American public accountancy at a time when demand for its services greatly exceeded the ability of native-born accountants to provide them. As such, the biographies represent a history of well-known contributions.

This dictionary offers comprehensive coverage of financial and management accounting. Nearly 4,000 clear and accessible entries give straightforward definitions of terms, concepts, and jargon. It is a resource for students and professionals in the fields of accounting and finance." "Topics include financial reporting, direct and indirect taxation, auditing, corporate finance, and accounting bodies and institutions. It is fully updated to reflect the latest developments, particularly the growing importance of international accounting standards and the rise of activity-based costing systems. New features include worked examples, web links, and feature entries on key topics.

"Digital Accounting: The Effects of the Internet and ERP on Accounting" provides a foundation in digital accounting by covering fundamental topics such as accounting software, XBRL (eXtensible Business Reporting Language), and EDI. The effects of the Internet and ERP on accounting are classified and presented for each accounting cycle, along with a comprehensive discussion of online controls. "Digital Accounting: The Effects of the Internet and ERP on Accounting" provides a conceptual approach to handling the latest developments at the intersection of the accounting and IT fields.

Filled with colorful characters and history, Double Entry takes us from the ancient origins of accounting in Mesopotamia to the frontiers of modern finance. At the heart of the story is double-entry bookkeeping: the first system that allowed merchants to actually measure the worth of their businesses. Luca Pacioli-monk, mathematician, alchemist, and friend of Leonardo da Vinci-incorporated Arabic mathematics to formulate a system that could work across all trades and nations. As Jane Gleeson-White reveals, double-entry accounting was nothing short of revolutionary: it fueled the Renaissance, enabled capitalism to flourish, and created the global economy. John Maynard Keynes would use it to calculate GDP, the measure of a nation’s wealth. Yet double-entry accounting has had its failures. With the costs of sudden corporate collapses such as Enron and Lehman Brothers, and its disregard of environmental and human costs, the time may have come to re-create it for the future.

An innovative new valuation framework with truly useful economic indicators The End of Accounting and the Path Forward for Investors and Managers shows how the ubiquitous financial reports have become useless in capital market decisions and lays out an actionable alternative. Based on a comprehensive, large-sample empirical analysis, this book reports financial documents' continuous deterioration in relevance to investors' decisions. An enlightening discussion details the reasons why accounting is losing relevance in today's market, backed by numerous examples with real-world impact. Beyond simply identifying the problem, this report offers a solution'the Value Creation Report'and demonstrates its utility in key industries. New indicators focus on strategy and execution to identify and evaluate a company's true value-creating resources for a more up-to-date approach to critical investment decision-making. While entire industries have come to rely on financial reports for vital information, these documents are flawed and insufficient when it comes to the way investors and lenders work in the current economic climate. This book demonstrates an alternative, giving you a new framework for more informed decision making. Discover a new, comprehensive system of economic indicators Focus on strategic, value-creating resources in company valuation Learn how traditional financial documents are quickly losing their utility Find a path forward with actionable, up-to-date information Major corporate decisions, such as restructuring and M&A, are predicated on financial indicators of profitability and asset/liabilities values. These documents move mountains, so what happens if they're based on faulty indicators that fail to show the true value of the company? The End of Accounting and the Path Forward for Investors and Managers shows you the reality and offers a new blueprint for more accurate valuation.

Is purchase price equal to fair value? With the FASB changing the requirements for increasing categories of assets and liabilities to be shown at current fair value, "Fair Value for Financial Reporting" answers this and other pertinent questions with crystal clarity. Alfred King, a top expert in the field, provides financial executives and auditors with a deep understanding of fair value reporting, the appraisal process, and appraisal services, and demystifies this topic with practical advice and helpful knowledge, making it a trusted reference on the ins and outs of fair value financial disclosure. "Fair Value for Financial Reporting" highlights the accounting and auditing requirements for fair value information and offers a detailed explanation of how the FASB is going to change "fair value" with topics including: the FASB's fair value proposals; determining the fair value of intangible assets; whether fair value can truly be audited; valuation of liabilities and contingent payments; valuation of hard assets and real estate; why two appraisers come up with different results; auditing of valuation reports; and selecting and working with an appraiser.

A withering exposé of the unethical practices that triggered the indictment and collapse of the legendary accounting firm. Arthur Andersen's conviction on obstruction of justice charges related to the Enron debacle spelled the abrupt end of the 88-year-old accounting firm. Until recently, the venerable firm had been regarded as the accounting profession's conscience. In Final Accounting, Barbara Ley Toffler, former Andersen partner-in-charge of Andersen's Ethics & Responsible Business Practices consulting services, reveals that the symptoms of Andersen's fatal disease were evident long before Enron. Drawing on her expertise as a social scientist and her experience as an Andersen insider, Toffler chronicles how a culture of arrogance and greed infected her company and led to enormous lapses in judgment among her peers. Final Accounting exposes the slow deterioration of values that led not only to Enron but also to the earlier financial scandals of other Andersen clients, including Sunbeam and Waste Management, and illustrates the practices that paved the way for the accounting fiascos at WorldCom and other major companies. Chronicling the inner workings of Andersen at the height of its success, Toffler reveals "the making of an Android," the peculiar process of employee indoctrination into the Andersen culture; how Androids—both accountants and consultants--lived the mantra "keep the client happy"; and how internal infighting and "billing your brains out" rather than quality work became the all-important goals. Toffler traces the roots of Andersen's ethical missteps, and shows the gradual decay of a once-proud culture. Uniquely qualified to discuss the personalities and principles behind one of the greatest shake-ups in United States history, Toffler delivers a chilling report with important ramifications for CEOs and individual investors alike. From the Hardcover edition.

Developed country capital markets have devised a set of institutions and actors to help provide investors with timely and accurate information they need to make informed investment decisions. These actors have become known as " financial gatekeepers" and include auditors, financial analysts, and credit rating agencies. Corporate financial reporting scandals in the United States and elsewhere in recent years, however, have called into question the sufficiency of the legal framework governing these gatekeepers. Policymakers have since responded by imposing a series of new obligations, restrictions, and punishmentsall with the purpose of strengthening investor confidence in these important actors. Financial Gatekeepers provides an in-depth look at these new frameworks, especially in the United States and Japan. Contributors include Leslie Boni (University of New Mexico), Barry Bosworth (Brookings Institution), Tomoo Inoue (Seikei University), Zoe-Vonna Palmrose (University of Southern California), Frank Partnoy (University of San Diego School of Law), George Perry (Brookings Institution), Justin Pettit (UBS), Paul Stevens (Investment Company Institute), Peter Wallison (American Enterprise Institute)

The author of the award-winning trilogy A Financial History of the United States now provides a definitive new reference on the major failures of American corporate governance at the start of the 21st century. An essential resource for students, faculty, and professionals in business finance, and securities law, this exhaustive work provides in-depth coverage of the collapse of the Enron Corporation and other financial scandals that erupted in the wake of the market downturn of 2000. The authoritative volume traces the market boom and bust that preceded Enron's collapse, as well as the aftermath of that failure, including the Enron bankruptcy proceedings, the prosecution of Enron officials, and Enron's role in the California energy crisis. It examines the role of the SEC's full disclosure system in corporate governance, and the role of accountants in that system, including Arthur Andersen LLP, the Enron auditor that was destroyed after it was accused of obstructing justice. The author chronicles the meltdown in the telecom sector that gave rise to accounting scandals at Nortel, Lucent, Qwest, Global Crossing, Adelphia, and WorldCom. Markham also covers such Wall Street scandals as the Martha Stewart trial, the financial analyst conflicts, and the mutual fund trading abuses. Markham also traces the remarkable market recovery that followed the scandals and addresses the misguided efforts of corporate governance reformers that led to the abuses.

Standardization and harmonization of accounting practices is a fundamental element of a global business environment. Achieving this is a complex process that involves technical and political negotiation. The International Accounting Standards Committee (IASC) was the organization that pioneered this process on a world-wide basis. The IASC prepared the way for the International Accounting Standards Board (IASB) and its International Financial Reporting Standards, which since 2005 have held the dominant influence over the financial reporting of thousands of listed companies in the European Union, as well as in many other countries. The forces and influences that shaped the formation of the IASB were intimately connected with the historical organization and operation of its predecessor, the IASC, and so to understand the standards enforced in financial reporting today, a historical understanding of the IASC is required. Financial Reporting and Global Capital Markets does just this. It examines the history of the IASC from 1973 to 2000, including its foundation, operation, changing membership and leadership, achievements and setbacks, the development of its standards, and its restructuring leading up to the creation of the IASB in 2001. The book also studies the impact of the IASC's standards on national standard setting and on accounting practice in developed and developing countries, as well as the impact on the IASC of the policies and positions of the UN, the OECD, the US Securities and Exchange Commission, the International Organization of Securities Commissions, and the European Commission. It will be of vital interest to all concerned with accounting developments in a global environment, be they academics, policy-makers, or professionals.

Techniques to uncover and avoid accounting frauds and scams Inflated profits ..., suspicious write-offs ..., shifted expenses ...- these and other dubious financial maneuvers have taken on a contemporary twist as companies pull out the stops in seeking to satisfy Wall Street. "Financial Shenanigans" pulls back the curtain on the current climate of accounting fraud. It presents tools that anyone who is potentially affected by misleading business valuations - from investors and lenders to managers and auditors - can use to research and read financial reports, and to identify early warning signs of a company's problems. A bestseller in its first edition, "Financial Shenanigans" has been thoroughly updated for today's marketplace. New chapters, data, and research reveal contemporary "shenanigans" that have been known to fool even veteran researchers.

An updated guide to the essential discipline of financial statement analysis In Financial Statement Analysis, Fourth Edition, leading investment authority Martin Fridson returns with Fernando Alvarez to provide the analytical framework you need to scrutinize financial statements, whether you're evaluating a company's stock price or determining valuations for a merger or acquisition. This fully revised and up-to-date Fourth Edition offers fresh information that will help you to evaluate financial statements in today's volatile markets and uncertain economy, and allow you to get past the sometimes biased portrait of a company's performance. Reflects changes in the financial reporting landscape, including issues related to the financial crisis of 2008-2009 Provides guidelines on how to interpret balance sheets, income statements, and cash flow statements Offers information for maximizing the accuracy of forecasts and a structured approach to credit and equity evaluation Filled with real-life examples and expert advice, Financial Statement Analysis, Fourth Edition will help you gain a firm understanding of the techniques that will help you interpret financial statements, which are designed to conceal more than reveal.

This is a thorough guide to forensic accounting and investigation for the non-expert. Here's a dependable, up-to-date resource for detecting, preventing, and successfully prosecuting financial fraud. The authors address all phases of forensic accounting, complete with actual examples demonstrating applications in the real world. In one conveniently organized volume, non-experts get access to all the critical accounting principles and investigative techniques that help protect any organization from fraud, including insightful advice on where an organization is most susceptible to fraud and how to implement effective investigation processes when fraud is suspected.

Foundations for the Future documents the many significant events that impacted the accounting profession during the years 1980-1995. This time period was critical for our profession. The AICPA membership doubled and the nature of services offered to clients was dramatically transformed. The profession was on the cutting edge of the tremendous changes that occurred within the American business community during this time period. This book tells the story of how the profession adapted to these changes and the challenges that accompanied them. It not only lays down the facts for future generations, but also portrays our profession as an important and exciting field in which to work.

Much of the debate and investigation of corporate collapse and failure has focused on boards and directors. Not so much attention has been given to the role of those who inform and advise them: the gatekeeping professions who play a vital and influential role in modern business. In the book, John Coffee, world-renowned Professor of Corporate Law, explains how the professions have evolved, performed and changed their behavior over the last century. Coffee argues that all boards of directors are prisoners of their gatekeepers and only if the board's agents properly advise and warn it, can the board function efficiently. This well-informed, accessible and challenging account will be vital reading to all who wish to understand the contemporary business landscape and 'why the dogs didn't bark' for Enron and WorldCom.

Handbook of Cost Management, Second Edition covers all of the essential topics in cost management and accounting. It includes conventional topics, such as job costing and cost allocation, as well as such current topics as balanced scorecard, economic value added, logistics and marketing cost, theory of constraints, inter-organizational costing, and the cost of quality.

Volume one sets the context for all three volumes in the series. Volume two provides insights into research on different management accounting practices. This third and final volume features contributions from some of the most influential researchers in various areas of management accounting research, consolidates the content of volumes one and two, and concludes with examples of management accounting research from around the world. It includes key topics such as performance measurement, balanced scorecard, incentives and compensation schemes. It covers management accounting research on a global scale. Volume two of the "Handbooks of Management Accounting Research" consists of two groups of chapters. The first draw together research that has focussed on particular management accounting practices. The second set synthesise contributions to the literature that have been focussed within particular organisational contexts. Volume two concludes with a review of research on how management accounting practice and research varies around the world. It documents the scholarly management accounting literature. It is published both in print, and online through Science Direct, and is International in scope.

The only comprehensive chronicle of American accountancy from the colonial period to the present, this completely revised edition provides practicing accountants and professional accounting students with a thorough knowledge of the origins of their profession. Gary John Previts and Barbara Dubis Merino address the evolution of accounting in social, political, and economic terms and discuss the major figures in each historical period. They consider the development of accounting in all of its major institutional domains, including public practice, financial reporting, business management, government, and education.

This encyclopedia's more than 400 entries focus on such subjects as publications in the field, institutional bodies, accounting and economic concepts and much more. It is aimed at the student, researcher or professional.

Hidden somewhere among all the numbers in a financial report is vitally important information about where a company has been and where it is going. This is especially relevant in light of the current corporate scandals. The sixth edition of this bestselling book is designed to help anyone who works with financial reports--but has neither the time nor the need for an in-depth knowledge of accounting--cut through the maze of accounting information to find out what those numbers really mean.

Informally gathered information that's raw and immediate has a profound effect on what managers do. Understanding how managers actually obtain and use the information they need can help organizations improve their accounting and information systems. The authors of this text talked to managers in production, marketing and other functional areas to discover what information they need and how to obtain it. Their findings indicate that managers develop and rely upon their own information systems, which do not involve elaborate technology, such as direct observation, relationships and frequent contacts both within and outside of their firms. Recognizing that the challenge to accounting and management information specialists is to incorporate within their systems more of the data that effective managers actually use, the authors make specific recommendations about how to convey relevant and timely information to managers.

The authors of Arthur Andersen bring their unique insights to a close-range observation of Andersen's culture that has continued for more than 15 years. They set the stage by reviewing Andersen's unique history and role; its traditionally careful attention to "enculturing" new employees; and its social structure characterized by personal, "familial" relationships. Next, they narrate two decades of change at Andersen, showing how the firm's tightly integrated cultural system gradually began to devolve, rapidly coming apart in the wake of the 1990s new economy revolution. Organizational leaders can read this book as a profound cautionary tale; researchers and students of organizational culture can read it as one of the most extraordinary case studies ever presented. Includes a foreword by Dr. Leonard Sayles, Professor Emeritus, Columbia University Graduate School of Business.

This book focuses upon the Institute of Accounts (IA), an organization to which the modern United States accounting profession can trace its roots. The IA was organized in the early 1880s in New York City and, as discussed in this book, attracted a diverse membership that included some of the leading accounting thinkers of the period. "The Institute of Accounts" describes the association's early development, its usefulness to the needs of bookkeepers and accountants in the late nineteenth century, and its historical importance.The book begins with a description of the origins of the organization, its goals, its membership classifications, and its professional characteristics. The authors then discuss the problems facing bookkeepers and accountants in the late nineteenth century and the usefulness of the IA in addressing the needs of its members. This is followed by consideration of how the thinking of IA leaders about the nature of accounting knowledge for many years unified the IA's membership by providing answers not only to questions of theory and practice, but also to how this knowledge could pay a role in assisting government and business leader more effectively order a society experiencing substantial flux. The authors go on to analyze the factors leading the IA's decline after the enactment of the first CPA law. The book concludes with a consideration of the legacy of the IA. "The Institute of Accounts" will be essential reading for accounting historians.

This is the Gateway to the Profession. 99 per cent of surveyed practicing accountants feel that Kieso, Weygandt, and Warfield's "Intermediate Accounting" helped prepare them for success in professional practice. 100 per cent would recommend the text to someone currently studying for an accounting degree. 80 per cent said they referred to their copy when they first entered professional practice. Professionals who learned accounting from "Intermediate Accounting" find themselves well prepared to enter the workplace. So well prepared in fact, that many keep their copy of the text to refer to again and again. Why is this text so essential for professional success? Currency: this 12th edition of "Intermediate Accounting" reflects the state of the art in accounting today. International Insight notes compare accounting practices in other countries. This 12th edition features professional simulation problems, modeled on the new computerized exam. In addition, new accounting research exercises help you practice using the Financial Accounting Research Database System (FARS). It has comprehensive and clear explanations of concepts. The authors clear writing style and logical organization help you understand the material. Make Kieso your gateway to the profession!

This book includes a wide range of topics that deals with international accounting standards, regulations, and financial reporting. The book is a timely collection of several original research papers written by well-known authors and experts in the field from countries around the globe on very important and emerging issues in international accounting. Due to the adoption of International Accounting Standards (IAS) Regulation by the European Parliament in 2002 (N0 1606/2002), listed companies in the EU capital markets are required to implement IAS by 2005. This regulation is a revolutionary one, and therefore, there is a need for the type research that focus on the lobbying activities towards the International Accounting Standard Board (IASB).This book includes an in-depth coverage of such lobbying activities as well as an extensive research papers that focus on the content analysis of the comment letters received by International Accounting Standards Board (IASB). Experts in the field from different countries including Australia Belgium, Brazil, Estonia, France, Germany, Italy, Japan, Malaysia, Singapore, New Zealand, United Arab Emirates, United Kingdom, and the United States join forces to bring the latest development in the international accounting standards and financial reporting.

The International Accounting and Finance Handbook is an excellent reference for assisting those with interests or responsibilities concerning the international dimensions of accounting, reporting, and control and finance. It provides the tools for managers who need to come to grip with the differences in accounting principles, financial disclosure and auditing practices in the worldwide finance and accounting arena. Provides an overview of international accounting and finance issues Contributors are from Big-5 firms, top legal and finance firms, and well-known academics Author is a leading academic expert in international accounting and finance with a great deal of practical consulting experience Shows important trends in international finance and accounting Provides practical examples and case studies.

Developed to provide senior executives in the public and private sector who do not have a strong accounting background with a broad and basic understanding of the key issues, this title summarizes each of the International Financial Reporting Standards and contains simple case studies to emphasize the practical application of them.

In this defining resource, authors Roger Hussey and Audra Ong have compiled everything accountants, executives, and organizations in different countries need to reach agreement on accounting rules and standards. International Financial Reporting Standards Desk Reference includes a background on how the movement toward a common language for international accounting evolved to its present state, summarizes existing standards highlighting the key issues covered, and captures those terms and phrases that are fundamental to an understanding of the common language of global business.

The world certainly suffers no shortage of accounting texts. The many out there help readers prepare, audit, interpret and explain corporate financial statements. What has been missing is a book offering context and discussion for divisive issues such as taxes, debt, options, and earnings volatility. King addresses the why of accounting instead of the how, providing practitioners and students with a highly readable history of U.S. corporate accounting. More Than a Numbers Game: A Brief History of Accounting was inspired by Arthur Levitt's landmark 1998 speech delivered at New York University. The Securities and Exchange Commission chairman described the too-little challenged custom of earnings management and presaged the breakdown in the US corporate accounting three years later.

In this commanding big-picture analysis of what went wrong in corporate America, Alex Berenson, a top financial investigative reporter for The New York Times, examines the common thread connecting Enron, Worldcom, Halliburton, Computer Associates, Tyco, and other recent corporate scandals: the cult of the number. Every three months, 14,000 publicly traded companies report sales and profits to their shareholders. Nothing is more important in these quarterly announcements than earnings per share, the lodestar that investors - and these days, that's most of us - use to judge the health of corporate America. earnings per share is the number for which all other numbers are sacrificed. It is the distilled truth of a company's health. Too bad it's often a lie.

"Relevance Lost" is an overview of the evolution of management accounting in American business, from textile mills in the 1880s and the giant railroad, steel, and retail corporations, to today's environment of global competition and computer-automated manufacturers. The book shows that modern corporations must work toward designing new management accounting systems that will assist managers more fully in their long-term planning. It is the winner of the American Accounting Association's Deloitte Haskins & Sells/Wildman Award Medal.

Johnson argues that top-down, management-accounting oriented organizations are no longer equipped to be competitive in modern business. Management teams with access to information about global competition, responsive to customers and quick to deliver should form the main impetus of the modern business. Johnson shows how radical overhauls based on such principles at companies such as General Electric, Eastman Kodak and Harley Davidson have achieved positive results.

"The Routledge Companion to Accounting History" shows how the seemingly innocuous practice of accounting has pervaded human existence in fascinating ways at numerous times and places; from ancient civilizations to the modern day, and from the personal to the political. Placing the history of accounting in context with other fields of study, the collection gives invaluable insights to subjects such as the rise of capitalism, the control of labor, gender and family relationships, racial exploitation, the functioning of the state, and the pursuit of military conflict.An engaging and comprehensive overview also examining geographical differences, this Companion is split into key sections, which explore: changing technologies used to represent financial and other data; historical development of accounting theory and practice; accounting institutions and those who perform accounting; accountancy and the economy accounting, society and culture; and, the role of accounting in the government, protection and financing of states. Including chapters on the important role played by accountancy in religious organizations, a review of how the discipline is portrayed in fine art and popular culture, and analysis of sharp practice and corporate scandals, "The Routledge Companion to Accounting History" has a breadth of coverage that is unmatched in this growing area of study. Bringing together leading writers in the field, this is an essential reference work for any student of accounting, business and management, and history.

This completely revised and expanded new edition of an acclaimed resource reflects the enormous changes that have taken place in recent years in international accounting systems. "Transnational Accounting, Second Edition," is the definitive guide to accounting standards in 21 countries and entities throughout the world. Written by a team of leading experts, this authoritative reference source offers easy access to the latest procedures and regulations throughout the world, as well as guidelines for their application in a range of business settings.

Celebrating the appearance 500 years ago of Fra Pacioli's "Summa", this volume is an international review of accounting theory which focuses on the contributions of its leading thinkers. During the 20th century, accounting emerged as a fully-fledged academic discipline, and its growth owes much to the writings of certain leading experts around the world. Not only did these key figures define the debates surrounding the principles of modern accounting, but they also helped shape accounting practice and pave the way for the efforts towards international harmonization.

This is the first and only book to offer a comprehensive survey of accounting research on a broad international scale for the last two centuries. Its main emphasis is on accounting research in the English, German, Italian, French and Spanish language areas; it also contains chapters dealing with research in Finland, the Netherlands, Scandinavia, Russia, Poland and the Ukraine as well as Argentina and Japan. In a time of financial globalization, familiarity with accounting research in countries beyond the English language boundary is no less important than familiarity with the recent, comprehensive research activity in the English language area. It also offers a survey of the present state of the art (from empirical to analytical accounting and from such esoteric subjects as gender issues to the archaeology of accounting); finally, it casts a glance into the future.

The Ultimate Accountants’ Reference Including GAAP, IRS & SEC Regulations, Leases, and More, Second Edition updates you on the latest accounting regulations for all aspects of the financial statements, accounting management reports, and management of the accounting department including best practices, control systems, and the fast close. This is the perfect daily answer book for the practicing accountant.

Annual corporate reports provide a window into a companys strategy for future growth; however, many financial managers as well as the investing public focus exclusively on corporate earnings and fail to understand all the factors that comprise the earnings computation. Understanding Corporate Annual Reports explains the regulatory environment surrounding annual reports, providing a detailed review of how to read reports correctly. Using Home Depots annual report as the primary example, Brian Stanko and Thomas Zellers easy-to-use guide examines a variety of types of financial reports, addressing both SEC and FASB regulations. Understanding Corporate Annual Reports allows readers to appreciate the complete implications of a corporate annual report.

For courses in Financial Accounting, Financial Reporting, Financial Statement Analysis, Introduction to Business, or MBA finance courses. Understanding the Corporate Annual Report: Nuts, Bolts, and A Few Loose Screws provides a clearly written, step-by-step guide to understanding corporate annual reports. Authors Fraser and Ormiston instruct readers on how to ignore the PR letters from the corporate management team, engaging graphics, and other "garnishes" that typically accompany current annual reports in order to focus on what really counts--a company's performance and financial health! Throughout the text, the authors examine management's attempts to manipulate earnings and other performance measures, and they explain what the numbers in the report really mean.

Valuation for Financial Reporting: Intangible Assets, Goodwill, and Impairment Analysis provides guidance and insight in the identification and measurement of intangible assets and goodwill pursuant to the Financial Accounting Standards Board Statements of Financial Accounting Standards (SFAS) No. 141, Business Combinations and (SFAS) No. 142 Goodwill and Other Intangible Assets. The new rules are sweeping and complex. Valuation for Financial Reporting will bring clarity to CFOs, auditors, valuation professionals, and CPAs by explaining the valuation aspects of the new financial reporting requirements, including how to identify the characteristics of goodwill and intangible assets, determine if impairment has occurred, and employ specific methods to assess the financial impact of such impairment.

Social accounting focuses on the effects of an organization on its communities of interest—this book specifically focuses on non-profit firms and cooperatives. Quarter/Mook/Richmond look at how nonprofits and cooperatives create value and how they can measure their social performance. The book makes extensive use of models that can be applied by nonprofits and cooperatives. The models are explained in detail and there is a how-to chapter that is oriented towards managers and directors of nonprofits and cooperatives. These models include volunteer contributions and other social inputs that normally are not given a monetary value within financial statements. For anyone who "keeps the books" for nonprofit organizations and cooperatives.

The Sarbanes-Oxley Act is unquestionably important to corporate America. This work gives an overview of the Act to help ensure that your firm achieves and maintains top-to-bottom Sarbanes-Oxley Act (SOA) compliance. It also covers guidelines for ensuring that your company's policies, procedures, systems, and controls are Sarbanes-Oxley compliant.

International accounting standards tend to converge, as do auditing, enforcement and corporate governance, whereas trading of equity shares remains essentially national. The book provides a thorough analysis of what information investors really need, how financial accounting systems developed and their current requirements in major commercial countries, and examines current issues, particularly the benefits and costs a single or multiple accounting standards, the bases for accounting standards, and limitations to accounting disclosure in financial statements.