[OPE-L:7873] Re: accounting for value

From: gerald_a_levy (gerald_a_levy@msn.com)
Date: Wed Oct 30 2002 - 08:18:37 EST

Re Tony T's [7869]:

> Accounting numbers may be tempered by reality, but there is no strict 
correspondence between the fortunes of businesses, and the figures in the 
financial statements.  Accordingly, a degree of subjectivity underpins all 
accounting disclosure, and what is published, and what is allow 'by the 
rules', is always subject to negotiation (between the auditor, client, SEC, 
FASB, and sometimes Congress).  That said: yes you can reconstruct the 
numbers to obtain a better picture (but you need a decent accounting 
education to be able to do that).   If you'd like to see more stuff on the 
accounting specifics at Enron, I've prepared a PowerPoint & HTML 
presentation at : http://zicklin.baruch.cuny.edu/critical/.  Just follow 
"Enron: the Movie!"  link on the homepage.  <

I enjoyed your movie, however, I think it needs a bit more
polishing  before it is ready to be premiered at the Cannes 
Independent Film Festival.

My impression is that very few of those who undertake 
Marxian empirical research on value have what you might
call a "decent accounting education".   But, I might be
wrong.  To be able to meaningfully work with national 
income accounts,  is  a decent accounting education also 
needed?   Why or why not?

I noticed that Rob Bryer, a Marxian accountant,  teaches 
financial reporting at the Warwick Business School in the
UK.    (For the benefit of others here's the person I'm 
asking about:  http://users.wbs.ac.uk/index.cfm?section=people&group=af&leftcolumn=academic&leftsubcolumn=Research&context=bryeraccounting for valueDo you know what his take is on the Enron and Anderson 
et al scandals?  btw, you guys know each other, right?
Is  there any material in print where the two of you critique each
other's perspectives?

> If anyone would like a copy of a paper that provides a fuller exposition 
of the accounting issues: "Enron Lays Andersen", that is currently under r
eview, let me know and I'll send a copy. <

Thanks. I'd like a copy.

In solidarity, Jerry

This archive was generated by hypermail 2.1.5 : Thu Oct 31 2002 - 00:00:01 EST