Managerial-finance

The Accountants Desk Reference provides pertinent information regarding accounting rules, best practices, and financial and managerial accounting issues commonly encountered by an accountant. This book is clearly written and concise. Especially notable is the chapter on taxation and financial management. Mr. Bragg has provided information that would otherwise be obtained only though much research. This reference is a must for all accounting professionals.

I find this book very interesting about accounting theory and principles. He base his structure about a revenus-expenses method, instead of the usual assets-liabilieties approach. Furthermore, the Author develops his structure starting from some declared principles, instead of implicit or misunderstood assumptions or preconceptions. He derives some operational concepts starting from these principles. His assumption about satisfying principle is most insteresting. The Author considers this satisfying principle as opposed to the maximisation principle as firm's objective. See also an article in Harvard Business Review, 1960. A book to buy, to study hard and to remember.