More Than a Numbers Game: A Brief History of Accounting
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.
Somehow, over a one-hundred year period, accounting morphed from a tool used by American railroad managers to communicate with absent British investors into an enabler of corporate fraud. How this happened makes for a good business story. This book is not another description of accounting scandals. Instead it offers a history of ideas.
Each chapter covers a controversial topic that emerged over the past century. Historical background and discussion of people involved give relevance to concepts discussed. The author shows how economics, finance, law and business customs contributed to accounting's development. Ideas presented come from a career spent working with accounting information.
What people are saying - Write a review
LibraryThing ReviewUser Review - NielsenGW - LibraryThing
You would be hard pressed to come up with a more soporific subject than that of accounting. Through no real fault of their own accountants are seen as the mousy, super-introverts of the world, subject ... Read full review
LibraryThing ReviewUser Review - FKarr - LibraryThing
Not a history of accounting. This is a history of financial reporting practice and regulation in the US since ~1880. I enjoyed, learned from it, but it's not what the subtitle says it is. Read full review