Accounting and financial transactions


Problem: "The primary motivators for Enron's accounting and financial transactions were to keep income, and cash flow up and inflated and liabilities off the books".

Is this the 'purpose' of accounting and finance, to keep income up, etc? Are the negative issues now associated with accounting due to accounting itself? What about accounting conventions? Have they lost value to decision makers also?

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Accounting Basics: Accounting and financial transactions
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