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The development of national income accounting made this possible.
The companies changed the terms as pressure on the cable industry for borrowing billions and for questionable accounting made raising money through stock and bond offerings difficult.
The hidden hands of speculators, profiting from bad-news rumormongering, good-news insidership and no-news accounting, made markets unsafe for ordinary investors.
Scott D. Sullivan, the former chief financial officer at the company who resigned after WorldCom disclosed $3.8 billion in improper accounting, made $33,176 on initial offerings in his Salomon account during the period.
Allegation 6: On 23 September 2014, the scandal about Tesco's false accounting made big headlines (front pages of Guardian, Financial Times, Independent) and across the broadcast media (BBC coverage here).
As S.E.C. chairman in the 1990's, Arthur Levitt raised the agency's profile, attacked Wall Street conflicts of interest, struggled to improve corporate accounting, made public companies share information with everyone, not only with favored analysts, and demanded plain English in investor materials.
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Russia's spotty system of medical accounting makes it impossible to know.
The government's opaque accounting makes it impossible to know how it has used the money.
He argues only that loopholes in derivatives accounting make it hard to spot dodgy deals.
"Bad accounting makes bad decisions," Cooper says.
Big accounts made money on the spread, and small accounts made money on incident fees.
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CEO of Professional Science Editing for Scientists @ prosciediting.com