... statements to use Hot Topics (e.g., Sarbanes-Oxley) Key Accounting Concepts Accounting What is Accounting? Accounting is the identification, measurement, and communication of financial information about ... interested parties Source: Kieso, Donald E and Jerry J Weigandt, Intermediate Accounting Eighth Edition 1995 NewYork: John Wiley & Sons Accounting Key Concepts Conservatism Historical Cost Basis ... counsel in bankruptcy and commercial litigation, including alternative dispute resolution and has considerable experience in handling fraud and Ponzi scheme litigation, and bankruptcy appeals...