One of my favorite clients told me that they have a saying in their office, "wwmd". That stands for "what would Madeline do?". It's a lovely compliment, because it means that I'm adhering to standards. Accounting is all about standards.
If people think my book is not a true accounting book they are mistaken, because accounting is all about standards. The Profit and Loss Report and Balance Sheet I teach readers how to generate are the same reports they would get by learning accounting the hard way. As a matter of fact, the bookkeeper who made up "wwmd" is taking accounting classes towards a business degree. If I wasn't answering her questions correctly, she would have found out by now!
Fraud is all about deviating from standards, so if you employ the "wwmd" accounting standards, you'll have a line of defense in the war against fraud. I want to make you money on the upside and downsize, so you can improve your profit!
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