"Accounting for Growth" is a book by Terry Smith that critically analyzes how companies in the UK utilized creative accounting techniques to inflate their profits and growth during the 1980s. Smith argues that this manipulation was often achieved through questionable practices such as off-balance sheet financing, aggressive accounting for goodwill and pension surplus, and currency mismatching. By providing real-world examples of corporate collapses and the accounting methods used, Smith offers readers a guide to understanding the financial engineering techniques that companies employed to mislead investors. The book emphasizes the importance of scrutinizing financial statements, understanding the true cash flow of a company, and considering the potential for manipulation when making investment decisions.

《增長的會計》是特里·史密斯(Terry Smith)所著的一本書,該書批判性地分析了20世紀80年代英國公司如何利用創造性會計技術來誇大其利潤和增長。史密斯認為,這種操縱通常是通過一些有爭議的做法實現的,如表外融資、對商譽和養老金盈餘的激進會計處理,以及貨幣錯配。通過提供公司倒閉的真實案例和所使用的會計方法,史密斯為讀者提供了一份指南,幫助他們理解公司用來誤導投資者的財務工程技術。該書強調了仔細審查財務報表、理解公司真實現金流,以及在做出投資決策時考慮潛在操縱的重要性。
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