Documentary

Enron: The Smartest Guys in the Room

2005 · 2005

Mark-to-market accounting and off-balance-sheet vehicles, explained through the company that used both to book profit that never arrived. The reference point for any accounting-quality question you get asked.

• Accounting
• Fraud and forensics

1 idea from this documentary

• Case studyAccounting

  Revenue recognition and off-balance-sheet vehicles can book profit that never arrives

  Profit is an opinion about the future; cash is a fact. When they diverge for long, find out why.

  Any question about quality of earnings, accrual accounting or how a fraud can pass an audit.