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Smartest Guys in the Room

Smartest Guys in the Room

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Smartest Guys in the Room

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Presentation Transcript

  1. Smartest Guys in the Room Vocabulary

  2. Watchdog Group • groups that monitor and report on corporate abuses

  3. FASB • a private, not for profit orgainization whose primary purpose is to develop generally accepted accounting principles (GAAP) within the U.S. in the public's interest

  4. "mark to market" accounting • Allows companies to count as current earnings profits they expect to earn in the future from energy-related contracts.