I don&#x27;t know what an accounting post-modernist is, but I do know that a consistent approach to keeping the books makes it possible to evaluate the positions of companies meaningfuly.<p>Companies as varied as Bank of America, Groupon, and Kinder Morgan all find creative and fascinating ways to assert that their bullshit financial metrics are more meaningful than GAAP.<p>Generally speaking, companies that aren&#x27;t a shitshow and are actually making money don&#x27;t bother cooking up new accounting schemes. Their CFOs focus on counting the profits, not heating air.