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Title: Accounting : What The Numbers Mean
Authors: Marshall, David H.
McManus, Wayne W.
Viele, Daniel F.
Keywords: Accounting
Managerial accounting
Issue Date: 2011
Publisher: McGraw-Hill/Irwin
Abstract: The worldwide financial and credit crisis that came to a head in the fall of 2008 was precipitated by many factors. Not the least of these factors were greed, inadequate market regulatory supervision, and an excess of “financial engineering” involved in the creation of financial instruments which almost defied understanding even by sophisticated investors. This crisis was preceded in the first decade of the century by the bankruptcy filings of two large, publicly owned corporations that resulted in billions of dollars of losses by thousands of stockholders. In 2001 it had been Enron Corporation, and a few months later, WorldCom, Inc. In each case a number of factors caused the precipitous fall in the value of the firms’ stock.
Description: xxi, 760 hlm
ISBN: 978-0-07-352706-2
Appears in Collections:Accounting

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