Anyone who can tell me what's Enron-Style accounting?

[Lantert Lurend]

I saw this word at the New York Times
http://www.nytimes.com/2011/01/06/us...ef=todayspaper

The democrats use this term to criticize the Republican's will to cut the tax,etc.
Well, I just assume this term is certainly used in somewhat bad sense.

[MathiasOfAthens]

Cooking the books I believe... to make your numbers larger so your stock does not fall and the investors cut and run.

[Lantert Lurend]

Cooking the books I believe... to make your numbers larger so your stock does not fall and the investors cut and run.

Then why the democrats use such metaphor to criticize the Republicans?

[chilon]

I saw this word at the New York Times
http://www.nytimes.com/2011/01/06/us...ef=todayspaper

"Enron-style accounting" probably refers to Enron's practice of signing some vague long term deal and booking all the profits of the deal, including projected profits in all future years of the deal, in the year the deal was signed. So essentially Enron was claiming say 50 Million in profits from a deal in 2000 when that 50 million in profits was not assets they actually owned but what they believed (falsely in many cases) they would make over the entire course of the deal.

Thats not counting many of the more shadier types of practices that Andrew Fastow and Michael Kopper manipulated.

[HissingNewt]

I believe Mathias of Athens is correct in that it's cooking the books to make it looks like you have more than you really do. I'm not sure if they're using that correctly, though, but it seems to be the standard for the opposition party to make questionable claims about the other party.

[Big War Bird]

What is funny here is that the very worst of "Enron style account" isn't half as dubious as how the government does its accounting.