||0 of 0 people found the following review helpful.| I finally understand why I couldn't make sense of the numbers from my accountant!|By Matthew G. Schmidt|For years I operated my business on a cash basis. The numbers were simple to understand, project and allocate. While I did not always understand why my accountants would allocate certain numbers in certain ways, I knew that was to make the best case to the IRS.
|About the Author|Reginald Tomas Lee, PhD, is an executive advisor, author, and researcher. His work and research focuses on helping leaders see, understand, and manage cash flow and capacity. He has worked for such companies as GM, IBM, Oracle, and EY, and has
Business leaders rely on accounting data such as profit and calculated costs as a guide to whether they are making money. Should they? Accounting was designed to report financial performance not model cash flow. Accruals can disconnect cash flow from the timing and extent to which it occurs. Statements of cash flow do not provide insight into what was bought and how efficiently it was used. Costs and profits are not absolute, they change based on the model you use to ca...
[PDF.ho58] Lies, Damned Lies, and Cost Accounting: How Capacity Management Enables Improved Cost and Cash Flow Management Rating: 3.60 (409 Votes)
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You can specify the type of files you want, for your device.Lies, Damned Lies, and Cost Accounting: How Capacity Management Enables Improved Cost and Cash Flow Management | Sr., Reginald Tomas Lee.Not only was the story interesting, engaging and relatable, it also teaches lessons.
