Smoke and Mirrors, Inc.: Accounting for Capitalism
Nicolas Véron
Enron, Arthur Andersen, Parmalat, AIG: business headlines over the last few years have stimulated worldwide interest in accounting responsibilities and standards. Smoke and Mirrors, Inc., is a remarkable introduction to contemporary accounting and its central importance for the operation of modern capitalism. Nicolas Véron, Matthieu Autret, and Alfred Galichon show how accounting always mirrored the features of contemporaneous financial systems, while remaining intrinsically subject to judgment and uncertainty and thus leaving scope for manipulation that can convert a rotten balance sheet into a picture of robust financial health.
Beginning with the story of the fictional company Smoke & Mirrors Inc., ... Read more
For students of corporate finance, practicing accountants and businesspeople, and general readers who have followed a seemingly endless parade of financial scandals with disbelief, Smoke and Mirrors, Inc., provides a clear and concise overview of the use and abuse of accounting and of the underlying changes in today's capital markets.
Show LessProduct Details
Reviews for Smoke and Mirrors, Inc.: Accounting for Capitalism