An Educational Novel by

D. Larry Crumbley

Donald L. Ariail

Julie C. Chenier

G. Stevenson Smith


Costly Reflections in a Midas Mirror is a supplementary text to be used near the end of a principles of managerial accounting course or at the beginning of a second-level cost accounting course. This instructional novel is ideal for an MBA program or a finance course which has a light coverage of managerial accounting, or can be used in CPA firms' or IRS in-house training programs. It is also suitable for a law school course on managerial accounting.

This novel mixes fraud, murder, art, ethics, and cost accounting together to get a better way of learning the accounting process. Lenny Cramer, a Professor at Columbia University, tries to help a wealthy friend of his university. As a managerial professor, he uses his forensic background to solve a "whodunit" plot. Along the way, business practices and accounting concepts are elucidated in a way both students and instructors will find gripping as well as informative.

The potential murderers are, likewise, numerous in this fast-paced Phillip Marlowe-type intrigue. Although a fundamental premise in accounting is that the reporting entity is a going-concern in the absence of evidence to the contrary, with so many murders in this plot, a liquidation assumption is more appropriate. So jump on board and enjoy the read. But keep sunk cost values and salability of assets in mind as you unravel the plot, rather than the traditional historical costs. Remember that an effective managerial accountant must be a good detective, even without the fedora and snub-nosed revolver.

For more detail, see

How to Order: Carolina Academic Press, 700 Kent Street, Durham, N.C. 27701, Phone: 800.489.7486, Fax: 919.419.0761,


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