February 2013
Beginner
360 pages
7h 14m
English
Content preview from Managerial Accounting For Dummies
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O’Reilly covers everything we've got, with content to help us build a world-class technology community, upgrade the capabilities and competencies of our teams, and improve overall team performance as well as their engagement.I wanted to learn C and C++, but it didn't click for me until I picked up an O'Reilly book. When I went on the O’Reilly platform, I was astonished to find all the books there, plus live events and sandboxes so you could play around with the technology.I’ve been on the O’Reilly platform for more than eight years. I use a couple of learning platforms, but I'm on O'Reilly more than anybody else. When you're there, you start learning. I'm never disappointed.I'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.
Chapter 2
Using Managerial Accounting in Your Business
In This Chapter
Understanding the different kinds of businesses
Knowing what profits are and how to measure them
Utilizing assets efficiently and productively
Examining return on assets
There are many ways to build a business fortune. Starting with a single ferry boat, Cornelius Vanderbilt created a railroad empire. The Rockefellers built their fortune on oil and then banking. Steven Spielberg made movies. Mark Zuckerberg developed Facebook.
Now think about a few ways to lose a business fortune. Horace A. Tabor started off alongside Cornelius Vanderbilt, eventually owning millions in silver mines. With uncontrolled spending and a multitude of personal challenges, though, Tabor lost all his holdings and wound up working as a postal clerk. After gambling that the Great Depression would feed greater demand for lavish Broadway musicals, flamboyant Broadway producer Florenz Ziegfeld forfeited his fortune and died penniless. Woolworth heiress Barbara Hutton’s fortune disappeared with alcohol, drugs, seven husbands, and out-of-control ...
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I'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.