Power of Accounting

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Accounts Payable Turnover
Accounts Receivable
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Breakeven Sales
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Common Stockholders
contribution
Contribution Margin
Contribution Margin Approach
cost
Cost Pool
Cost Volume Profit Analysis
Current Assets
direct
Direct Labor Hours
Discounted Payback Period
Double Entry
Double Entry Bookkeeping
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Fixed Costs
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Operating Leverage
Pro Forma Balance Sheet
Pro Forma Income Statement
receivable
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Straight Line Method
Total Fixed Costs
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Product details

  • ISBN 9780415884303
  • Weight: 650g
  • Dimensions: 152 x 229mm
  • Publication Date: 20 Jan 2012
  • Publisher: Taylor & Francis Ltd
  • Publication City/Country: GB
  • Product Form: Hardback
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The Power of Accounting: What the Numbers Mean and How to Use Them provides a highly readable text for non-financial managers. It explores accounting’s uses and limitations in the management process. The text is intended for users of accounting information as opposed to preparers. It focuses on aiding the reader in understanding what accounting numbers mean, what they do not mean, when and how they can be used for decision making and planning and when they cannot.

The book discusses the importance of accounting information in the economy and the fact that accounting numbers are often the result of estimates and arbitrary allocations. It also includes a cautionary word about the imprecise use of terminology often found in accounting and financial literature.

Larry Lewis is a Professor of Accounting at the University of Portland's Pamplin School of Business, USA. He earned his B.A. and his M.A and Ph.D. from the University of Nebraska. He served as the Dr. Robert B. Pamplin, Jr. School of Business Dean from June of 2001-June of 2006. He currently teaches accounting at both the graduate and undergraduate levels and is a consultant to businesses, government organizations, and non profits.

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