Introduction to How to Keep Score in Business: Accounting and Financial Analysis for the Non-Accountant, 2nd Edition

Jan 12, 2012

📄 Contents

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The First Lesson: Scores Are Not Real Dollars
The Accrual Method
But Scores Are Important

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This chapter is from the book 

How to Keep Score in Business: Accounting and Financial Analysis for the Non-Accountant, 2nd Edition

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But Scores Are Important

Before we leave this topic, let me offer a word of caution. Don't think that scores are unimportant because they don't represent real dollars. Jobs are lost, promotions are won, raises are given, companies bought and sold on the basis of financial scores. You want to have good scores in business, even if they don't reflect the true cash status. Good scores produce winners in business just as good scores produce winners in sports.

In the rest of this book, you will learn some ways to improve the scores.

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