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Lies, Damned Lies, and Cost Accounting: How Capacity Management Enables Improved Cost and Cash Flow Management

Lies, Damned Lies, and Cost Accounting: How Capacity Management Enables Improved Cost and Cash Flow Management

Hardcover

AccountingInvesting & FinanceManagement

Publisher Price: $31.99

ISBN10: 1637423594
ISBN13: 9781637423592
Publisher: Business Expert Pr
Published: Feb 18 2016
Pages: 142
Weight: 0.80
Height: 0.38 Width: 6.00 Depth: 9.00
Language: English
This book introduces capacity management, describes cash flow dynamics, and offers ideas about how to manage both

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 calculate them.

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