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, 23 Jul 2008 00:25:47 GMT Wed, 23 Jul 2008 00:25:47 GMT understand-accounting.net 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. Wed, 07 May 2008 15:17:35 GMT Audit Firm Rotation http://www.understand-accounting.net/AuditFirmRotation.html Audit firm rotation is a useful good governance practice for non profit oragnizations. Tue, 18 Mar 2008 18:44:20 GMT Financial Accounting: A Mercifully Brief Introduction http://www.understand-accounting.net/financialaccounting.html A concise and readable introduction to financial accounting Tue, 26 Feb 2008 00:31:53 GMT Relativity of Risk http://www.understand-accounting.net/RelativityofRisk.html Widely held investment theory overlooks the relativity of risk Tue, 08 Jan 2008 01:02:21 GMT Computerized Accounting http://www.understand-accounting.net/computerizedaccounting.html Cost savings from computerized accounting are not what they should be Sun, 06 Jan 2008 23:47:03 GMT Research and Development Costs http://www.understand-accounting.net/ResearchandDevelopmentCosts.html Research and Development Costs may may be discouraged by accounting rules. Mon, 25 Jun 2007 20:08:05 GMT Sunk Costs and Loss Aversion http://www.understand-accounting.net/SunkCosts.html Failure to ignore sunk costs is a form of loss aversion Sun, 27 May 2007 20:07:31 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. Wed, 16 May 2007 13:53:30 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, 30 Apr 2007 14:54:57 GMT Breakeven Analysis: Deciding Whether to Take the Plunge http://www.understand-accounting.net/BreakevenAnalysis.html Breakeven analysis is a useful cost accounting technique. Sat, 28 Apr 2007 23:48:08 GMT Nonprofit Fraud Prevention http://www.understand-accounting.net/Nonprofitfraudprevention.html Nonprofit fraud prevention involves implemeting certain inexpensive Sat, 28 Apr 2007 23:45:42 GMT Imprecise Accounting http://www.understand-accounting.net/impreciseaccounting.html Imprecise accounting results from three factors. Sat, 28 Apr 2007 23:43:28 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. Sat, 28 Apr 2007 23:40:45 GMT