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Profit First: Reverse Engineer Your Way To Financial Success

Terry Starbucker

What’s wrong with the traditional “GAAP” accounting formula. The money management genius of your grandmother. Highlights from our chat include: Mike’s “Humbling Moment” with his daughter, and how it changed his life. Why the “Profit First” formula works with the entrepreneur’s natural behavior.

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How Can I Choose Management Software That’s Right for My Church?

Strategy Driven

This article looks at how to choose the best management software for your church. From event registration to money management, you’ll discover the easiest way to administer your membership. Smart management software allows your church attendees to register online on your website or via their phone. Event Registration.

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Giving Executives 40% of Revenue is Insane

Curious Cat

I have previous written on my belief that excessive executive compensation had reached the level of a deadly disease of western management (building on the W. When you read about non-GAAP earnings, often one of the big costs they are excluding is the massive stock giveaways to executives.

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When Tracking Projects, Ignore Your Accountants

Harvard Business Review

They're just following what's known as Generally Accepted Accounting Principles, or GAAP. But GAAP is exactly where the trouble lies. According to GAAP we are now 50% complete, because we have spent 50% of our budget. The GAAP financial report will recognize half the revenue on the project, or $2.5

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When Tracking Projects, Ignore Your Accountants

Harvard Business Review

They're just following what's known as Generally Accepted Accounting Principles, or GAAP. But GAAP is exactly where the trouble lies. According to GAAP we are now 50% complete, because we have spent 50% of our budget. The GAAP financial report will recognize half the revenue on the project, or $2.5

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Why We Need to Update Financial Reporting for the Digital Era

Harvard Business Review

So, investors, and therefore managers, might be adjusting their approach to risk accordingly. Therefore, companies see little value in disclosing the details of their current and planned projects in their financial disclosures, even if those disclosures can reduce the information asymmetry between investors and managers.

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A Blueprint for Digital Companies’ Financial Reporting

Harvard Business Review

Currently, firms’ first report net profits and then back out many of these one-time items to present a non-GAAP (Generally Accepted Accounting Principles) profit number. Because investors consider these non-GAAP numbers to be value-relevant, we propose a more direct way for them to be calculated.

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