There is a great deal of confusion regarding the factors that led to Enron's collapse. This important book addresses this problem by providing a coherent explanation of the accounting and finance problems associated with the collapse. The Skilling-Lay trial, as it is related to accounting or...

Intro -- Contents -- Preface -- Chapter 1. Finance, Accounting and Corporate Objectives -- Corporate Objectives -- Managerial Finance -- The Finance Managers -- Time, Risk, and the Risk-Return Trade-off -- Three Basic Generalizations -- Relevance of Cash Flows -- Cash Flows versus Earnings -- A...

Key Features:Argues that Skilling was not the cause of the Enron collapse and that the moral outrage of the U.S. attorneys led to inappropriate tactics in the Skilling-Lay trialArgues that the collapse was facilitated by the loss of millions on real assets, including the large returns offered by...