"Huey Long (1893–1935) was one of the most extraordinary American politicians, simultaneously cursed as a dictator and applauded as a benefactor of the masses. A product of the poor north Louisiana hil"
Value-added reporting measures the increase in wealth generated by the activity of a firm before that increase is distributed among labor, shareholders, and the government; it has become a standard accounting practice in foreign multinational corporations, but is being resisted in the US. Riahi-Belkaoui (accounting, U. of Illinois-Chicago) argues that is it a good idea. Among his points are that it can be executed with familiar models, has a better correspondence to stock returns than profit- based accounting, better explains market return and accounting variables, increases total assets during a takeover, and allows performance to be compared to the breadth of ownership. For accountants, business executives, and students and teachers of those professions. Annotation c. Book News, Inc., Portland, OR (booknews.com)