The world certainly suffers no shortage of accounting texts. There are many out there to help prepare, audit, interpret and explain corporate financial statemen... » 

The world certainly suffers no shortage of accounting texts. There are many out there to help prepare, audit, interpret and explain corporate financial statements. What is missing has been context and discussion for more divisive issues such as taxes, debt, options, and earnings volatility. King addresses the why of accounting instead of the how, providing readers with a highly readable history of U.S. corporate accounting for practitioners and students. «