More Than a Numbers Game: A Brief History of Accounting
"With his solid credentials—a CPA, CMA and Harvard MBA, as well as the current treasurer of Progressive Insurance—King proves himself to be the insider, the historian, the yenta of the accounting profession.More Than a Numbers Gameoffers enough insights to give occasional pause even to those who have a real grasp of the wheres and whys behind the regulations that are dear to the heart of every practitioner." (Journal of Accountancy, May 2007)"The author is at his best when telling stories, whether of the twists and turns in specific accounting standards from the 1940s to the present, of the accounting transgressions of Enron, Global Crossing, WorldCom, and HealthSouth, or of the factors leading to the demise of Arthur Andersen. ... King’s gift for rendering complex ideas into easily understandable explanations, all in a conversational style, makes this book accessible to the general investing public as well.... This refreshing book is a well-researched, well-written, and intelligent explanation of modern-day U.S. accounting and how it has evolved to its present state." (The CPA Journal, April 2007)"King's chapter on volatility shows how U.S. companies can account for transactions in foreign currencies three different ways, all of them legitimate. His chapter about the Sarbanes-Oxley corporate disclosure laws has an astute analysis of the accounting frauds at Enron and WorldCom that begat that legislation." (Newsweek, April 16, 2007)"This demystifying book is likely to interest corporate folk who want to understand better thewhysof the accounting practices they use, as well as inquiring investors." (Harvard Magazine, November-December 2006)"Inspired by a 1998 speech by former SEC Chairman Arthur Levitt, this book addresses the why of accounting instead of the how, providing practitioners and students with a highly readable history of U.S. corporate accounting." (SmartPros Accounting News & Insights, September 2006)