Title: Accounting classic: More debits than credits: the gap in GAAP

Authors: Abraham J. Briloff

Addresses: Baruch College, City University of New York, One Bernard Baruch Way, New York, NY 10010, USA

Abstract: Over the past several years, Abraham Briloff|s writings have caused considerable ripples in the financial community with his insistent articles in various financial journals, especially Barron|s. Among the subjects of his critical commentaries have been US Financial, ITT, lOS (under Cornfeld and Vesco), Kaufman and Broad, Telex, Penn Central, Leasco (now the Reliance Group), and McDonald|s. The industries coming under his scrutiny include stock life insurers, land developers, homebuilders, computer lessons and conglomerates of all shapes and sizes.

Keywords: generally accepted accounting principles; GAAP; American Institute of Certified Public Accountants; AICPA; SEC; Douglas; Sommer; Mooniz; Seidman; Bernstein.

DOI: 10.1504/IJEA.2010.036802

International Journal of Economics and Accounting, 2010 Vol.1 No.3, pp.184 - 199

Published online: 09 Nov 2010 *

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