The Mercifully Brief Accounting Blog http://www.understand-accounting.net/Accounting-blog.html Concise, practical and funny explanations of basic accounting concepts. en-us Accounting Wed, 19 Jan 2011 23:13:08 GMT Wed, 19 Jan 2011 23:13:08 GMT understand-accounting.net Michael Sack Elmaleh Services http://www.understand-accounting.net/services.html Professional services offerred by Michael Sack Elmaleh Wed, 19 Jan 2011 22:50:32 GMT understand-accounting.net Named Among Top 50 Accounting Web Sites http://www.understand-accounting.net/understand-accountingnetTop50AccountingWebSites.html understand-accounting.net has been named among Top 50 Accounting Web Sites Mon, 27 Sep 2010 13:36:15 GMT Time Values of Money Concepts http://www.understand-accounting.net/timevalues.html Time values involve converting future dollars to present dollars Mon, 27 Sep 2010 13:32:26 GMT Sunk Costs: Assets with Little or No Market Value http://www.understand-accounting.net/sunkcosts2.html Sunk costs are assets with little or no market value. Mon, 27 Sep 2010 12:44:43 GMT Sunk Costs and Loss Aversion http://www.understand-accounting.net/SunkCosts.html Failure to ignore sunk costs is a form of loss aversion Mon, 27 Sep 2010 11:33:42 GMT The Statement of Functional Expense http://www.understand-accounting.net/StatementofFunctionalExpense.html The Statement of Functional Expense attempts to measure a non profit's efficiency. Mon, 27 Sep 2010 11:25:32 GMT Research and Development Costs http://www.understand-accounting.net/ResearchandDevelopmentCosts.html Research and Development Costs may may be discouraged by accounting rules. Mon, 27 Sep 2010 00:52:38 GMT Relativity of Risk http://www.understand-accounting.net/RelativityofRisk.html Widely held investment theory overlooks the relativity of risk Mon, 27 Sep 2010 00:50:36 GMT Nonprofit Fraud Prevention http://www.understand-accounting.net/Nonprofitfraudprevention.html Nonprofit fraud prevention involves implemeting certain inexpensive Mon, 27 Sep 2010 00:41:58 GMT Fixed versus Variable Costs. Average versus Marginal Costs: Which Should Be Used http://www.understand-accounting.net/Marginal-Costs.html Only marginal costs are relevant in pricing decisions. Mon, 27 Sep 2010 00:38:05 GMT Imprecise Accounting http://www.understand-accounting.net/impreciseaccounting.html Imprecise accounting results from three factors. Mon, 27 Sep 2010 00:27:35 GMT The World According to GAAP http://www.understand-accounting.net/GAAP.html GAAP are generally accepted accounting principles. Mon, 27 Sep 2010 00:19:58 GMT Corporate Restructurings: Ordinary or Not So Ordinary? http://www.understand-accounting.net/CorporateRestructurings.html Corporate Losses from corporate restructurings are frequently segregateted from Mon, 27 Sep 2010 00:02:55 GMT Computerized Accounting http://www.understand-accounting.net/computerizedaccounting.html Cost savings from computerized accounting are not what they should be Mon, 27 Sep 2010 00:00:57 GMT Breakeven Analysis: Deciding Whether to Take the Plunge http://www.understand-accounting.net/BreakevenAnalysis.html Breakeven analysis is a useful cost accounting technique. Sun, 26 Sep 2010 23:54:09 GMT Audit Firm Rotation http://www.understand-accounting.net/AuditFirmRotation.html Audit firm rotation is a useful good governance practice for non profit oragnizations. Sun, 26 Sep 2010 23:44:15 GMT Accountant: Integrity http://www.understand-accounting.net/Accountantintegrity.html Look for accountant integrity in selecting a CPA Sun, 26 Sep 2010 21:33:59 GMT Financial Accounting: A Mercifully Brief Introduction http://www.understand-accounting.net/financialaccounting.html A concise and readable introduction to financial accounting Fri, 02 Jul 2010 15:33:10 GMT