Operations and Cash Management Series

Now you can own all of Reginald's books in one convenient set!

Lies, Damned Lies, and Cost Accounting

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. Co...