King More Than a Numbers Game

A Brief History of Accounting
1. Auflage 2011
ISBN: 978-1-118-04461-2
Verlag: John Wiley & Sons
Format: EPUB
Kopierschutz: Adobe DRM (»Systemvoraussetzungen)

E-Book, Englisch, 256 Seiten, E-Book

The world certainly suffers no shortage of accounting texts. Themany out there help readers prepare, audit, interpret and explaincorporate financial statements. What has been missing is a bookoffering context and discussion for divisive issues such as taxes,debt, options, and earnings volatility. King addresses thewhy of accounting instead of the how, providingpractitioners and students with a highly readable history of U.S.corporate accounting. More Than a Numbers Game: A Brief Historyof Accounting was inspired by Arthur Levitt's landmark 1998speech delivered at New York University. The Securities andExchange Commission chairman described the too-little challengedcustom of earnings management and presaged the breakdown in the UScorporate accounting three years later.
Somehow, over a one-hundred year period, accounting morphed froma tool used by American railroad managers to communicate withabsent British investors into an enabler of corporate fraud. Howthis happened makes for a good business story. This book is notanother description of accounting scandals. Instead it offers ahistory of ideas.
Each chapter covers a controversial topic that emerged over thepast century. Historical background and discussion of peopleinvolved give relevance to concepts discussed. The author shows howeconomics, finance, law and business customs contributed toaccounting's development. Ideas presented come from a career spentworking with accounting information.

Autoren/Hrsg.

King, Thomas A.

Inhaltsverzeichnis

About the Cover ix
Preface xi
1 Double-Entry 1
2 Railroads 13
3 Taxes 23
4 Costs 41
5 Disclosure 55
6 Standards 71
7 Science 89
8 Inflation 103
9 Volatility 115
10 Intangibles 131
11 Debt 145
12 Options 159
13 Earnings 171
14 SOX 187
15 Epilogue 207
Notes 213
Bibliography 223
Index 235
About the Author 242

Über Autor(innen)

THOMAS A. KING is treasurer of Progressive Insurance, which is regarded as one of the most innovative companies in the insurance business. He grew up in Racine, Wisconsin, and studied liberal arts at Harvard College. King worked for three years on the New York audit staff of Arthur Andersen & Co., earned an MS in accounting from New York University, and obtained CPA and CMA certification. After receiving an MBA from Harvard Business School, he joined Progressive Insurance in Cleveland. King spent ten years in marketing and general management before returning to accounting. Since then, he has served as corporate controller, investment strategist, and treasurer. At Progressive, King helped craft financial policies that support business objectives and managed investor relations when the company became the first to report monthly financial results.