The End of Accounting and the Path Forward for Investors and Managers

The End of Accounting and the Path Forward for Investors and Managers

Author: Baruch Lev

Publisher: John Wiley & Sons

Published: 2016-06-14

Total Pages: 268

ISBN-13: 1119191084

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An innovative new valuation framework with truly useful economic indicators The End of Accounting and the Path Forward for Investors and Managers shows how the ubiquitous financial reports have become useless in capital market decisions and lays out an actionable alternative. Based on a comprehensive, large-sample empirical analysis, this book reports financial documents' continuous deterioration in relevance to investors' decisions. An enlightening discussion details the reasons why accounting is losing relevance in today's market, backed by numerous examples with real-world impact. Beyond simply identifying the problem, this report offers a solution—the Value Creation Report—and demonstrates its utility in key industries. New indicators focus on strategy and execution to identify and evaluate a company's true value-creating resources for a more up-to-date approach to critical investment decision-making. While entire industries have come to rely on financial reports for vital information, these documents are flawed and insufficient when it comes to the way investors and lenders work in the current economic climate. This book demonstrates an alternative, giving you a new framework for more informed decision making. Discover a new, comprehensive system of economic indicators Focus on strategic, value-creating resources in company valuation Learn how traditional financial documents are quickly losing their utility Find a path forward with actionable, up-to-date information Major corporate decisions, such as restructuring and M&A, are predicated on financial indicators of profitability and asset/liabilities values. These documents move mountains, so what happens if they're based on faulty indicators that fail to show the true value of the company? The End of Accounting and the Path Forward for Investors and Managers shows you the reality and offers a new blueprint for more accurate valuation.


Accounting the Easy Way

Accounting the Easy Way

Author: Peter J. Eisen

Publisher: Barron's Educational Series

Published: 1995

Total Pages: 416

ISBN-13: 9780812094091

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A general, highly informative overview of accounting that explains all important topics, including the accounting equation, financial statements, recording, adjusting, closing, and reversing entries, differences between partnership and corporate accounting. Contains exercises with solutions throughout.


Selling to Serve

Selling to Serve

Author: James Ashford

Publisher: Createspace Independent Publishing Platform

Published: 2016-11-01

Total Pages: 96

ISBN-13: 9781539857945

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Accountants have it tough..... and it's getting tougher. They fulfill THE most important function of any business, which is to manage their finances. They have to ensure that they are compliant and help their clients to make better decisions about the future based on what has happened in the past. So you'd think that their clients would be singing their praises, throwing money at them for the great job that they do and bending over backwards to meet their demands. But is that the reality? Not even close. The reality is that accountants are seen as a necessity and their services aren't valued to the extent that they should be. How do I know? Because I've been doing it with brave firms of forward thinking accountants who have been bold enough to acknowledge that the world of accounting has changed; accountants who joined the profession, through wanting to provide value and who are sick of it being reduced to a necessity; accountants who are sick of putting up with crap from clients, and not getting paid enough for a service that's so challenging to deliver. So if you're ready to discover how to solve this problem... let's go.


Cosmic Accounting: a Journey to Enlightenment

Cosmic Accounting: a Journey to Enlightenment

Author: T. Indeara Hanoomansingh

Publisher: BalboaPress

Published: 2012-04-18

Total Pages: 232

ISBN-13: 1452543399

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Cosmic Accounting: A Journey to Enlightenment is a spiritual guide with nine key steps for a balanced lifestyle. The Life Balance Process for Inner Transformation shows you how to explore divinity so that you can experience true abundance, inner peace, and enlightenment. By combining accounting principles with universal truths and ancient wisdom, the cosmic journey will take you into the world of money, mysticism, and divine beings, like youve never seen before. You can embrace a new awareness that we are interconnected, and spirit, wealth, and empowerment are part of the same cosmic energy. In a time when many of us are concerned about the state of our financial affairs, it provides a spiritual solution to our modern dilemma. You can learn how to: Integrate the wisdom of infinite intelligence in many areas of your life including your relationships, health, career, and finances Understand money from a spiritual perspective and create a flow of abundance Uncover the secrets of your true Self with a personal inventory Recognize the magical relationship between your work and becoming enlightened Transform suffering and challenges into the fuel for your enlightenment Rewrite your destiny in the accounting of your life Reclaim your divine birthright for financial freedom and live your souls purpose Even though others might be able to point us in the right direction, no one can embark on the amazing journey of enlightenment for us. For the truth seeker, the answers can only come from within. Uncover the magic within these pages.


The E-Myth Accountant

The E-Myth Accountant

Author: Michael E. Gerber

Publisher: John Wiley & Sons

Published: 2011-03-01

Total Pages: 213

ISBN-13: 0470503661

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Distilled small business advice for accounting practices Many accountants in small and mid-size practices are experts when it comes to their professional knowledge, but may not have considered their practice as much from a business perspective. Michael Gerber's The E-Myth Accountant fills this void, giving you powerful advice on everything you need to run your practice as a successful business, allowing you to achieve your goals and grow your practice. Featuring Gerber's signature easy-to-understand, easy-to-implement style, The E-Myth Accountant features Gerber's universal appeal as a recognized expert on small businesses who has coached, taught, and trained over 60,000 small businesses A recognized and widely respected co-author and leader in the accounting field The E-Myth Accountant is the last guide you'll ever need to make the difference in building or developing your successful accounting practice.


A History of Management Accounting

A History of Management Accounting

Author: Richard Edwards

Publisher: Routledge

Published: 2012-11-12

Total Pages: 371

ISBN-13: 1136232664

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There is growing interest in the history of accounting amongst both accounting practitioners and accounting academics. This interest developed steadily from about 1970 and really ‘took off’ in the 1990s. However, there is a lack of texts dealing with major aspects of accounting history that can be used in classrooms, to inform new researchers, and to provide a source of reference for established researchers.The great deal of research into cost and management accounting in Britain published in academic journals over the last twenty years–including the authors' own contributions–makes The History of Cost and Management Accounting an essential contribution to the field.


Accountants' Truth

Accountants' Truth

Author: Matthew Gill

Publisher: OUP Oxford

Published: 2011-03-24

Total Pages: 208

ISBN-13: 0191615862

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Accounting is the language of business, increasingly standardized across the world through powerful global corporations: a technical skill used to reach the correct, unquestionable answer. Yet, as recent corporate scandals have shown, a whole range of financial professionals (auditors, bankers, analysts, company directors) can collectively fail to question dubious actions. How can this be possible? To understand such failures, this book explores how accountants construct the technical knowledge they deem relevant to decision-making. In doing so, it not only offers a new way to understand deviance and scandals, but also suggests a reappraisal of accounting knowledge which has important implications for everyday commercial life. The book's findings are based on interviews with chartered accountants working in the largest accountancy practices in London. The interviews reveal that although accounting decisions seem clear after they have been made, the process of making them is contested and opaque. Yet accountants nonetheless tend to describe their work as if it were straightforward and technical. Accountants' Truth digs beneath the surface to explore how accountants actually construct knowledge, and draws out the implications of that process with respect to issues such as professionalism, performance, transparency, and ethics. This important book concludes that accountants' technical discourse undermines their ethical reasoning by obscuring the ways in which accounting decisions must be thought through in practice. Accountants with particular ethical perspectives more readily understand and construct particular types of knowledge, so the two issues of knowledge and of ethics are inseparable. Increasingly technical accounting rules can therefore counterproductive. Instead, our best approach to avoiding future scandals is to redefine and reinvigorate professional ethics in the financial world.