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In my last blog post, I talked about how cost accounting can't and doesn't create a complete picture of your operating and financial environment, especially when the focus is on making money.  

Being blindsided is a common sports metaphor that also has bus...

The world exists in 3-D.  What would it look like in 2-D?

Welcome back!

I regularly point to the notion cost accounting is useless from a cash/making money perspective.  Over the weekend, this metaphor came up that offers one interesting example why.  Well, I think it's...

Welcome back.

I'm pro-cash.  Cash is money.  It's raw, unprocessed, clean, and unambiguous.  Cost accounting data are processed and have little, if anything, to do with money.  I often say cash is like tomatoes, garlic, basil and onions.  Cost accounting is like store b...

This morning, I read a report that longstanding Japanese company, Toshiba, may have to close its doors.  Why?  Not making money.  

Businesses must make money to exist.  The common proxy for assessing how much money a company has made is profit.  Question. "Is...

In his book, The Goal, Eli Goldratt argued companies are in business to make money.  Others have challenged this notion citing personal interests, exploring ideas, responding to market needs, or addressing social responsibilities as reasons to be in business.  Regardle...