'Accounting for Growth:' no accounting for the fuss
Article Abstract:
Terry Smith's much talked-about book 'Accounting for Growth' is a disappointment. One reason for this is that it did not contain any new information. Furthermore, it is unbalanced in that it focus on problems of the field of accounting suggested the impossibility of efficient and effective financial reporting. The book is mostly an analysis of the prevalence of unexpected business collapse in recent years and gave explanations as to why company accounts fail to give indications of possible corporate failure. The issues of off balance sheet finance, capitalization of costs, capital instruments, brand accounting and currency mismatching are also discussed. Finally, the book offers survival techniques to accountants. The book may not appeal to professional accountants, but the survival methods it provides may be useful to the layman.
Publication Name: Accountancy
Subject: Business
ISSN: 0001-4664
Year: 1992
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A CA in...The Hague
Article Abstract:
Price Waterhouse tax specialist Ken McLachlan left Scotland to begin a career abroad in 1970, beginning with four years in Paris. He was placed in charge of a company tax department in The Hague in 1984. One of McLachlan's major projects over the coming ten years will be a $2 billion European Disneyland which is under development. He will advise on the project's structure and finance. McLachlan also has a strong interest in leasing and its international tax planning implications. McLachlan is the first foreigner to have been admitted to the Dutch Order of Tax Advisers.
Publication Name: The Accountant's Magazine
Subject: Business
ISSN: 0001-4761
Year: 1987
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