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wallstreetmojo.com
Mark To Market Accounting - What Is It, Example
Guide to what is Mark To Market Accounting. We explain it with example, journal entries and differences with historical accounting.
Nov 29, 2023
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William Stern on Instagram: "This is an Enron stock certificate from 2000. Worth $90. A year later? Worth less than toilet paper. Why? Because the leadership didn’t build a business—they built a house of cards. Ken Lay and Jeff Skilling used mark-to-market accounting, booking profits on deals that hadn’t even happened yet. Fake money. Infinite illusions. CFO Andy Fastow created hundreds of secret off-the-books companies to hide Enron’s massive debt. From the outside, Enron looked like a profit m
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