I have decided to revise this post, and it has a distinct url: http://profalbrecht.wordpress.com/2010/03/16/what-is-accounting-pornography-revised/ I’ve kept this page here so you can read the original user comments.
In my original version of this post, I incorrectly identified those who create accounting pornography. The true accounting pornographers are those who perpetrate accounting frauds. Shame on them.
Debit and credit – - David Albrecht