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Michael Sack Elmaleh

Michael Sack Elmaleh is a Certified Public Accountant and Certified Valuation Analyst. His book,"Financial Accounting: A Mercifully Brief Introduction", has received wide critical acclaim. He has nearly 30 years of accounting and 10 years of teaching experience. http://understand-accounting.net

 Articles by this Author

Presidential candidates assure us that they love all Americans. But they especially love Americans who have been victimized in ways that reinforce their campaign platform.

Assets are costs. Unexpired costs. This is not a straightforward concept. Sunk costs are assets that have little or no market value.

Some of our best Presidents came to office with very little of the kind of experience many think is needed.

Considering moving from a manual accounting system to a computerized one? Don't expect to save any money. Here's why.

Here are three basic reasons accounting is neither simple nor precise.

Current accounting rules discourage research and development spending to the detriment of society.

Small non-profit organizations are very vulnerable to fraud. Here are some inexpensive measures that can be adopted to protect them.

Sunk Costs and Loss Aversion

Cost accounting teaches us to ignore sunk costs. Easier said then done because ignoring sunk costs often entails admitting poor decisions and accepting unrecoverable losses.

A non profit organization's Statement of Functional Expenses often gives a misleading measure of its efficiency.

Corporate Restructurings appear as a separate line on many income statements. The author questions this practice.

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