Cognella Academic Publishing Managerial Accounting for Small, Privately Owned Businesses: A Guide to Business and Personal Financial Success

Managerial Accounting for Small, Privately Owned Businesses presents students with all of the concepts, techniques and applications required to manage or own a small- to medium-sized business. Most managerial accounting books on the market today focus almost exclusively on manufacturing. This book applies directly to retail, service, manufacturing and non-profit businesses and organizations. This book also includes coverage of inventory management, lifetime tax management and the innovative Profit Center Contribution Margin Income Statement, an industry-proven and powerful money making tool. Almost every chapter includes applications to both business and personal financial success. While not all students go on to manage or own a business, every individual has or should have an interest in his or her own financial well-being. This book guides students through the processes of budgeting, retirement and investment planning, trend analysis and other income enhancement and cost control techniques. This classroom-tested, learner-friendly book incorporates student feedback and recommendations to provide everything a small business owner or manager needs to know. David E. Tooch is a professor of Applied Business Management at the University of New Hampshire's Thompson School. He earned a Master of Business Administration degree from Plymouth State University. He is the author of five books and more than 135 published trade journal articles on management applications. Professor Tooch has trained both production workers and top managers via workshops and seminars and has presented talks to professional associations and trade shows throughout the United States and Canada.