In the wrong hands, good accounting practices have often been subverted, with disastrous results ranging from financial losses and debt to complete economic collapse. In the right hands, accounting has created social stability, good governance, and economic prosperity. In The Reckoning, award-winning historian Jacob Soll shows how the use and misuse of financial bookkeeping has determined the fate of entire societies. When practiced poorly or neglected, accounting has contributed to cycles of destruction, as the 2008 financial crisis has made all too clear. Essential to building businesses, states, and even empires, accounting has also helped leaders measure their power and craft their policies. For centuries, the importance of financial accounting has been well understood.
0 Comments
Leave a Reply. |