Effective accounting for small businesses : a guide to business and personal financial success

Abstract

Personal financial management and success is as important as business financial management and success. Many of the topics presented apply to both our business and personal lives. As is the nature of managerial accounting, the concepts and applications are intended for internal use only. There are no rules regarding the content and format of in-house spreadsheets and reports. Our focus is strictly on reports that provide the best and most useful information to people and managers. Other accounting courses address "generally accepted accounting principles," IRS regulations, and stockholder and other external reports.