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Accounting is the score keeping system in the "game" of business--you can't do well in any "game" if you don't understand how the score is kept. This book is intended to benefit practicing managers, MBA students, and nonaccounting business majors. United States financial reporting standards are compared and contrasted with international financial reporting standards where appropriate. The book emphasizes how management's choice of accounting methods and their required estimates in reporting transactions and events impact financial statements, both immediately and in the future. Unlike typical accounting books, journal entries are not used to illustrate topical coverage. This unique book exclusively provides a user's decision-making perspective by using the accounting equation format to directly illustrate financial statement effects of transactions and events. Most of the topics addressed in this book are typically studied by accounting majors in the two course "intermediate" accounting sequence, but the text also includes discussion of consolidations--a topic generally covered in the "advanced" accounting course. Intermediate accounting textbooks alone typically exceed well over 1,500 pages. By exclusively applying a user's perspective, and limiting topical content to areas relevant for decision making, this book allows nonaccountants to acquire the requisite underlying knowledge in a concise, easy to understand text.

Accounting --- Standards. --- Financial Statements --- GAAP --- Cash Flow vs. Earnings --- Accounting Equation Format --- Accounting Method Choice --- Accounting Estimates --- Off-Balance-Sheet Financing --- Economic Consequences of Accounting --- Earnings Management --- Substance Over Form --- IFRS

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Although central banks have recently taken unconventional policy actions to try to shore up macroeconomic and financial stability, little theory is available to assess the consequences of such measures. This paper offers a theoretical model with which such policies can be analyzed. In particular, the paper shows that in the absence of the fiscal authorities' full backing of the central bank's balance sheet, strange things can happen. For instance, an exit from quantitative easing could be inflationary and central banks cannot successfully unwind inflated balance sheets. Therefore, the fiscal authorities' full backing of the monetary authorities' quasi-fiscal operations is a pre-condition for effective monetary policy.

Banks and banking, Central --- Fiscal policy --- Monetary policy --- Tax policy --- Taxation --- Economic policy --- Finance, Public --- Banker's banks --- Banks, Central --- Central banking --- Central banks --- Banks and banking --- Econometric models. --- Government policy --- Banks and Banking --- Inflation --- Investments: Bonds --- Macroeconomics --- Price Level --- Deflation --- Central Banks and Their Policies --- Comparative or Joint Analysis of Fiscal and Monetary Policy --- Stabilization --- Treasury Policy --- Banks --- Depository Institutions --- Micro Finance Institutions --- Mortgages --- General Financial Markets: General (includes Measurement and Data) --- Banking --- Investment & securities --- Quasi-fiscal operations --- Central bank balance sheet --- Bonds --- Prices --- Financial institutions --- Asset prices --- United States

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We update the widely used banking crises database by Laeven and Valencia (2008, 2010) with new information on recent and ongoing crises, including updated information on policy responses and outcomes (i.e. fiscal costs, output losses, and increases in public debt). We also update our dating of sovereign debt and currency crises. The database includes all systemic banking, currency, and sovereign debt crises during the period 1970-2011. The data show some striking differences in policy responses between advanced and emerging economies as well as many similarities between past and ongoing crises.

Business & Economics --- Economic Theory --- Financial crises. --- Bank failures. --- Liquidity (Economics) --- Credit. --- Off balance sheet financing. --- Capital movements. --- Capital flight --- Capital flows --- Capital inflow --- Capital outflow --- Flight of capital --- Flow of capital --- Movements of capital --- Borrowing --- Assets, Frozen --- Frozen assets --- Failure of banks --- Crashes, Financial --- Crises, Financial --- Financial crashes --- Financial panics --- Panics (Finance) --- Stock exchange crashes --- Stock market panics --- Balance of payments --- Foreign exchange --- International finance --- Business enterprises --- Finance --- Money --- Loans --- Business failures --- Crises --- Financial crises --- Banks and banking --- Banks --- Crisis management --- Government debt --- Debt management --- Costs --- International comparisons --- Statistics --- History --- Overseas item --- E-books --- Agricultural banks --- Banking --- Banking industry --- Commercial banks --- Depository institutions --- Financial institutions --- Banks and Banking --- Financial Risk Management --- Macroeconomics --- Monetary Policy, Central Banking, and the Supply of Money and Credit: General --- Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook: General --- Financial Institutions and Services: General --- Financial Crises --- Depository Institutions --- Micro Finance Institutions --- Mortgages --- Foreign Exchange --- Economic & financial crises & disasters --- Banking crises --- Systemic crises --- Currency crises --- Ireland