The Essays of Warren Buffett : Lessons for Corporate America
Average customer rating: 4.5 out of 5 stars
  • Perfect
  • Real Wisdom at a Good Price
  • excellent
  • Buffett's Favorite book about him
  • Lessons for Corporate America
The Essays of Warren Buffett : Lessons for Corporate America
Warren E. Buffett
Manufacturer: The Cunningham Group
ProductGroup: Book
Binding: Paperback

Corporate FinanceCorporate Finance | Finance | Business & Investing | Subjects | Books
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ASIN: 0966446119

Amazon.com

Buffett, the Bard of Omaha, is a genuine American folk hero, if folk heroes are allowed to build fortunes worth upward of $15 billion. He's great at homespun metaphor, but behind those catchy phrases is a reservoir of financial acumen that's generally considered the best of his generation. For example, in an essay on CEO stock options, he writes, "Negotiating with one's self seldom produces a barroom brawl." This is his way of saying that an executive who can give himself compensation totally disproportionate to his performance surely will. There are uncountable gems of financial wisdom to be harvested from these essays, taken from the annual reports he writes for Berkshire Hathaway, his holding company. Just to pick one more, here's a now-famous line about those he competes with when making stock-market investments: "What could be more advantageous in an intellectual contest--whether it be chess, bridge, or stock selection--than to have opponents who have been taught that thinking is a waste of energy?"

While Buffett has a policy of seldom commenting on stocks he owns--he feels public pronouncements will only lead to the public's expectation of more public pronouncements, and he likes to keep his cards close to his vest--he loves to discuss the principles behind his investments. These come primarily from Ben Graham, under whom Buffett studied at Columbia University and for whom he worked in the 1950s. First among them is the idea that price is what you pay and value is what you get--and if you're a smart investor, the first will always be less than the second. In that sense, the value of the lessons learned from Buffett's Essays could be far greater than the book's price. --Lou Schuler

Book Description

The definitive work concerning Warren Buffett and intelligent investment philosophy, this is a collection of Buffett's letters to the shareholders of Berkshire Hathaway written over the past few decades that together furnish an enormously valuable informal education. The letters distill in plain words all the basic principles of sound business practices. They are arranged and introduced by a leading apostle of the "value" school and noted author, Lawrence Cunningham. Here in one place are the priceless pearls of business and investment wisdom, woven into a delightful narrative on the major topics concerning both managers and investors. These timeless lessons are ever-more important in the current environment.

Customer Reviews:

5 out of 5 stars Perfect.......2007-08-14

Lucid and brilliant, a clear lesson on capital allocation. The only objection would be the repeated content, but truthfully it helped the ideas sink in a bit.

Thank you for editing this collection Professor Cunningham.

5 out of 5 stars Real Wisdom at a Good Price.......2007-08-05

I work for a financial services company, and I'm subjected to corporate gobbledegook on a daily basis. Warren Buffett gets to the point. His explanations of financial transactions seem so effortless, I can't imagine how others get so confused and obtuse. Here's a mind worth delving in to, and this book lets you sit on the shoulder of a modern genius to see how he thinks. Good stuff.

5 out of 5 stars excellent.......2007-07-09

These are the actual words penned by Buiffett. Not as dry as one would think, he's actually a wonderful writer. The Oracle of Omaha can turn a phrase and while parts of this are slow going, I enjoyed it throughly.

I heartily recommend this book for those desiring wealth. I also strongly recommend The Millionaire Mind by Tom Stanley. The Millionaire Mind

5 out of 5 stars Buffett's Favorite book about him.......2007-06-06

In the CNBC Liz Clayman interview with Buffett, he stated that of all the books written about him, this one is his favorite...it is an excellent read.

5 out of 5 stars Lessons for Corporate America.......2007-05-14

This is a great book for people to understand the relationship between Corporate governance and business wellness. a must read for a long term investor.
Williams Obstetrics
Average customer rating: 5 out of 5 stars
  • Essential guide
  • The Standard by which All Obstetrics Texts are measured
  • GYN&OB 's Holy Book-Kadin Hastaliklari ve Dogum oncu kitabi
  • The Obstetrics text to have
  • CD ROM
Williams Obstetrics
Gary Cunningham , Kenneth J. Leveno , Steven L. Bloom , John C. Hauth , Larry C. Gilstrap , and Katharine D. Wenstrom
Manufacturer: McGraw-Hill Professional
ProductGroup: Book
Binding: Hardcover

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ASIN: 0071413154

Book Description

The leading text in obstetrics for over 100 years! Rigorously referenced and cohesively written, the hallmarks of Williams Obstetrics are its thoroughness and practical applicability for the obstetrician at the bedside. The book continues to maintain its strong evidence-based approach whereby management guidelines and recommendations are evaluated on analysis of the scientific literature.

Completely revised, this edition features:
*NEW ultrasound images integrated throughout
*NEW chapters on Obesity, Liver Disease, Prior Cesarean Delivery, and more
*REVISED basic science chapters – a better focus on clinician daily practice needs

Customer Reviews:

4 out of 5 stars Essential guide.......2007-01-04

This is a true study guide and will help not only in preparation for exams but will help understanding the textbook better.

5 out of 5 stars The Standard by which All Obstetrics Texts are measured.......2004-07-15

There is perhaps no medical specialty that has more misconceptions, "wives tales" and variation than Obstetrics. Williams Obstetrics is more exhaustively comprehensive than any other text for general Obstetrics. Williams has long prided itself on presenting "evidence-based medicine" - separating the wives tales from medical knowledge obtained from published studies from peer-reviewed journals. Perhaps there are those who prefer their Obstetrics with a little voodoo. For those who want to know the most up-to-date scientifically based Obstetrics, Williams is your book!

5 out of 5 stars GYN&OB 's Holy Book-Kadin Hastaliklari ve Dogum oncu kitabi.......2004-03-28

Williams obstetrics is a very distinguished textbook of obstetrics, and enlightens and guides the physician. Every new edition is more breathtaking than the previous one, I can't wait to have it on a CD or better, a PDA..
Kadin Dogum uzmanlik dalinin en onde gelen kitaplarindan olan Williams Obstetri kitabi, her kadin dogum uzmaninin sahip olmasi gereken gercek bir bilgi hazinesi...

5 out of 5 stars The Obstetrics text to have.......2004-01-26

This is the most comprehensive obstetrics text that you can find, Whether you are in training as a residnet or practising OB. Excellent Reference text. Well laid out with detailed index.
Excellent!no need to buy anotehr Ob text.

5 out of 5 stars CD ROM.......2002-04-04

I am looking for a cd rom of thisbook, may be you can tell me if this cd exists? if yes how can I get it?
best regards Dr` Roman Korobochka MD
Educational Leadership: A Problem-Based Approach (3rd Edition)
Average customer rating: Not rated
    Educational Leadership: A Problem-Based Approach (3rd Edition)
    William G. Cunningham , and Paula A. Cordeiro
    Manufacturer: Allyn & Bacon
    ProductGroup: Book
    Binding: Hardcover

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    ASIN: 0205466346

    Book Description

    Thoroughly revised and updated, Educational Administration: A Problem-Based Approach shares with readers the very latest thinking in the field and relates it to significant real-life problems of practice. Reflecting on current changes and thinking in educational administration, this book includes updated expert analysis pieces by noted authorities in every chapter. The book uses a problem-based approach and provides readers with opportunities to analyze and apply their knowledge to authentic situations. . It emphasizes a number of important challenges such as the increasing diversity in our schools and society and the impact of reforms and technology on learning environments. For those involved in educational administration.
    Combinatorial Optimization
    Average customer rating: 5 out of 5 stars
    • A Classic in Combinatorial Optimization
    • Elegant one, but not a lot of details.
    • A superb introduction to Combinatorial Optimisation
    Combinatorial Optimization
    William J. Cook , William H. Cunningham , William R. Pulleyblank , and Alexander Schrijver
    Manufacturer: Wiley-Interscience
    ProductGroup: Book
    Binding: Hardcover

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    5. Theory of Linear and Integer Programming Theory of Linear and Integer Programming

    ASIN: 047155894X

    Book Description

    A complete, highly accessible introduction to one of today's most exciting areas of applied mathematics

    One of the youngest, most vital areas of applied mathematics, combinatorial optimization integrates techniques from combinatorics, linear programming, and the theory of algorithms. Because of its success in solving difficult problems in areas from telecommunications to VLSI, from product distribution to airline crew scheduling, the field has seen a ground swell of activity over the past decade.

    Combinatorial Optimization is an ideal introduction to this mathematical discipline for advanced undergraduates and graduate students of discrete mathematics, computer science, and operations research. Written by a team of recognized experts, the text offers a thorough, highly accessible treatment of both classical concepts and recent results. The topics include:
    * Network flow problems
    * Optimal matching
    * Integrality of polyhedra
    * Matroids
    * NP-completeness

    Featuring logical and consistent exposition, clear explanations of basic and advanced concepts, many real-world examples, and helpful, skill-building exercises, Combinatorial Optimization is certain to become the standard text in the field for many years to come.

    Customer Reviews:

    5 out of 5 stars A Classic in Combinatorial Optimization.......2003-03-19

    Combinaorial Optimization is one of those rare books that is an instant classic. The authors weave a readable fabric of intuition and theory that is unmatched in this exciting discipline. The choice of topics covered begins with two fundamental optimization problems, namely, the minimum spanning tree and shortest path problems. Next, maximum flow and minimum cost flow problems are discussed, followed by matching problems, polyhedral issues arising in combinatorial optimization, and the famous traveling salesman problem. The text concludes with chapters on matroids and NP-Completeness. The exposition on these topics is very well written and the proofs are rigorous. There is a terrific blend of theory, algorithms and applications without overwhelming the reader with computational details. The authors also do a good job of developing an accurate historical perspective of the material, most of which evolved during the time period 1955 to 1995. The book is suitable for an upper-level undergraduate, or a graduate course. The exercises are very well thought out and are at an appropriate level. I have taught undergraduate courses in combinatorial optimization for over 10 years and have always struggled to find an appropriate text. My problem has now been solved.

    5 out of 5 stars Elegant one, but not a lot of details........1999-09-30

    This book was thoroughly written by great-minded Masters. It is well-organized in their topics and presentation. However, the book details is unbalnced, some chapters are overwhelm the data, and some others are insufficient. By the way, I graded this book a Very Good one. Worth Reading !!

    5 out of 5 stars A superb introduction to Combinatorial Optimisation.......1999-07-17

    A good introduction to Combinatorial optimisation and integer programming.

    Especially recommended are the chapters on minimum weight matching and the TSP.
    Merce Cunningham: Fifty Years
    Average customer rating: 5 out of 5 stars
    • Merce Cunningham:Fifty Years
    Merce Cunningham: Fifty Years
    David Vaughan , and Merce Cunningham
    Manufacturer: Aperture
    ProductGroup: Book
    Binding: Hardcover

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    ASIN: 0893816248
    Release Date: 2005-06-15

    Amazon.com

    Unlike so many biographies of dance maestros, Merce Cunningham: Fifty Years offers no litany of substance or psychological abuse. The volume, assembled by the archivist of Merce Cunningham's world-renowned U.S. company, records and analyzes Cunningham's work process and documents the provenance of his modern dance classics. Heavily spiced with biographical detail, Merce Cunningham packages the choreographer's life story in a lovely design that respects his whole body and conveys a rare sense of movement in its mass of still photos.

    Book Description

    Merce Cunningham celebrates the career of one of the most important artists of the twentieth century, from his first innovative and explosive solo dances to the present. This unique book incorporates images of performances by many world-renowned photographers, including Imogen Cunningham, Barbara Morgan, Annie Leibovitz, Peter Hujar, and Arnold Eagle.

    Customer Reviews:

    5 out of 5 stars Merce Cunningham:Fifty Years.......2000-08-02

    An excellent resource. Insightful. Beautiful pictures. Highly recommend for folks in dance education, collaborative artists, school teachers, dancers, and children.
    Wicca: A Guide for the Solitary Practitioner
    Average customer rating: 4.5 out of 5 stars
    • Excellent resource
    • Wicca for the Solitary Practitioner
    • Excellent For Beginners!
    • Fantastic!
    • Non Fiction
    Wicca: A Guide for the Solitary Practitioner
    Scott Cunningham
    Manufacturer: Llewellyn Publications
    ProductGroup: Book
    Binding: Paperback

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    ASIN: 0875421180

    Amazon.com

    Wicca: A Guide for the Solitary Practitioner is the essential primer from one of the best known authors on Wicca. Focusing on the importance of individualism in your spiritual path, Cunningham explains the very basics of Sabbats (holy days), ceremonies, altars, and other nuts and bolts of Wicca that a solitary practitioner may have trouble finding elsewhere. While Wicca shouldn't be your sole point of reference when considering Wicca as your way of life, it is one of the best starting points. --Brian Patterson

    Book Description

    Cunninghams classic introduction to Wicca is about how to live life magically, spiritually, and wholly attuned with nature. It is a book of sense and common sense, not only about magick, but about religion and one of the most critical issues of today: how to achieve the much needed and wholesome relationship with our Earth. Cunningham presents Wicca as it is today: a gentle, Earth-oriented religion dedicated to the Goddess and God. Wicca also includes Scott Cunninghams own Book of Shadows and updated appendices of periodicals and occult suppliers.

    Customer Reviews:

    5 out of 5 stars Excellent resource.......2007-10-10

    A great book for the beginner especially an isolated beginner. Very easy to understand and personalize to meet the needs of the solitary wiccan.

    5 out of 5 stars Wicca for the Solitary Practitioner.......2007-10-03

    One of my first books that introduced me to the realm of Wicca. I love the easy-to-read format that Mr. Cunningham used and the breakdown of terms for the average reader to understand. I myself do not have access to a coven so this was a geat book to get started with.

    5 out of 5 stars Excellent For Beginners!.......2007-09-20

    Yes, this is your typical Wicca 101 book. But I must say Mr Cunninham's is one of the best, if not THE best! If you're a beginner of the Wiccan path, this is an excellent starter book!

    5 out of 5 stars Fantastic!.......2007-09-09

    This is a great book! I recommend that if you are looking it to Wicca take a look at books by Scott Cunningham.

    3 out of 5 stars Non Fiction.......2007-09-03

    Wicca : a Guide for the Solitary Practitioner, is what it says, quite practically. It goes into detail of the basics of that particular religion, with rituals, accoutrements, observances, stuff to get and to use, all that sort of thing. It is particularly aimed at those who are by themselves, and have no friends or like minded others around.
    Culture and Values, Volume II: A Survey of the Humanities (with CD-ROM) (Culture & Values)
    Average customer rating: Not rated
      Culture and Values, Volume II: A Survey of the Humanities (with CD-ROM) (Culture & Values)
      Lawrence S. Cunningham , and John J. Reich
      Manufacturer: Wadsworth Publishing
      ProductGroup: Book
      Binding: Paperback

      GeneralGeneral | Philosophy | Nonfiction | Subjects | Books
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      5. Life in the Ancient Near East, 3100-332 B.C.E. Life in the Ancient Near East, 3100-332 B.C.E.

      Accessories:
      1. Music CD-ROM for Cunningham/Reich's Culture and Values: A Survey of the Humanities (Alternate Edition with CD-ROM), 6th Music CD-ROM for Cunningham/Reich's Culture and Values: A Survey of the Humanities (Alternate Edition with CD-ROM), 6th
      2. Study Guide for Cunningham/Reich's Culture and Values: A Survey of the Humanities, 6th Study Guide for Cunningham/Reich's Culture and Values: A Survey of the Humanities, 6th

      ASIN: 053458229X

      Book Description

      Trusted by professors of the humanities survey course for over twenty years, CULTURE AND VALUES covers Western cultures along with important non-Western cultures, providing students solid, accessible introductions to art, music, philosophy, literature, and more. Available in two volumes, or as an alternate single volume without end-of-chapter readings, this text remains the most readable and reliable textbook for college and university students in the integrated humanities.
      Bartender's Black Book, 7th Edition: 2,700 New and Classic Recipes
      Average customer rating: 5 out of 5 stars
      • It's Really Interesting.
      • this book is awesome!
      • Everyman's Little Black Bar Book
      • How to make a ton of drinks and much more!
      • AWESOME!
      Bartender's Black Book, 7th Edition: 2,700 New and Classic Recipes
      Stephen Kittredge Cunningham
      Manufacturer: The Wine Appreciation Guild
      ProductGroup: Book
      Binding: Plastic Comb

      BartendingBartending | Drinks & Beverages | Cooking, Food & Wine | Subjects | Books
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      5. The BarKeeper Pocket Peeker The BarKeeper Pocket Peeker

      ASIN: 1891267752

      Book Description

      The number-one, best-selling drink recipe book is updated in this new edition and has 100 new drinks; an expanded martini section (200 total) with tips, techniques and secrets (and a salute to the Big Apple); a huge list of dessert drinks and a piece on the world's finest Cognac; a philosophical discussion on, and inventory of, Flavored Vodkas, Gins and Rums; and drinks that take a new slant on Floaters, Shooters and Layered Drinks.

      That brings the complete drink count to 2,700. That's well over a thousand more than any other pour book.

      This new edition also has an expanded wine section with Robert M. Parker's, Jr. "Wine Vintage Guide," "Parker Speaks on Wine," and Parker's glossary of wine terms.

      Of course this book still has all its good old features: an index by ingredients, in depth mixing instructions, metric conversion tables, a list of every possible garnish, sections on hot drinks, frozen drinks, beers, ales, lagers, and "malternatives," and S.K.C.'s "Glossary of Club, Restaurant and Bar Terms, and Slang." (Sample Below.)

      Weisenheimer(n): slang, an obnoxious person; someone who thinks their banter is clever or humorous, even though others may not.

      Wounded Soldier (n): a beer that has been opened, partially consumed and left to die. See Soldier, and Dead Soldier.

      Customer Reviews:

      5 out of 5 stars It's Really Interesting........2007-10-06

      Well, I must say. That I got my bartender's black book earlier than I expected it to arrived! That was cool. Thanks!
      I am learning a lot of things from this new book of mine... I find it really interesting... I took it on my job, and my co-workers find it very interesting too... I do hope my review is good enough, for your business.
      I am enjoying my book, thanks! I look forward to doing more business with you in the future!
      Yours sincerely,

      Ms. N. Sattaur

      5 out of 5 stars this book is awesome!.......2007-09-27

      i bought this book for my fiance and he loved it. he had been looking for a good bartenders book. it has everything in it. we are enjoying it.

      5 out of 5 stars Everyman's Little Black Bar Book.......2007-09-04

      I have bartended off and on for over 37 years and this is the only book you will ever need. Buy it. Read it. Commit it to memory and watch the tips double, triple, or even more depending on your basic personality and present expertise in the profession.

      5 out of 5 stars How to make a ton of drinks and much more!.......2007-06-11

      A lot of useful information! Highly recommended for new and experienced bartenders.

      5 out of 5 stars AWESOME!.......2007-05-13

      I applogize for using the word "awesome" to describe this book but that's all that comes to mind. I've worked in the club and club/resturant area a bit but never as bartender. This book brought back memories of the most fun I had, making the least money ever. If you're interested in being a bartender, being a better mixologist or just curious about mixing drinks, I highly recommend this book. It was the best $12.95 I ever spent. And again, Amazon, your service was amazing.
      Real Numbers: Management Accounting in a Lean Organization
      Average customer rating: 4.5 out of 5 stars
      • Recommended for starting a Lean- or QRM-journey
      • Lacking in Structure and Worked Examples
      • Points the way for years of progress
      • Transforming the Bean Counter...
      • The authors provide some solid, invaluable advice
      Real Numbers: Management Accounting in a Lean Organization
      Jean E. Cunningham , Orest Fiume , and White Lisa Truit
      Manufacturer: Managing Times Press
      ProductGroup: Book
      Binding: Hardcover

      GeneralGeneral | Popular Economics | Business & Investing | Subjects | Books
      GeneralGeneral | Business & Investing | Subjects | Books
      ManagementManagement | Accounting | Industries & Professions | Business & Investing | Subjects | Books
      Similar Items:
      1. Who's Counting? A Lean Accounting Business Novel (Winner of the Shingo Prize for Manufacturing Excellence) Who's Counting? A Lean Accounting Business Novel (Winner of the Shingo Prize for Manufacturing Excellence)
      2. Practical Lean Accounting: A Proven System for Measuring and Managing the Lean Enterprise Practical Lean Accounting: A Proven System for Measuring and Managing the Lean Enterprise
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      4. Lean Thinking : Banish Waste and Create Wealth in Your Corporation, Revised and Updated Lean Thinking : Banish Waste and Create Wealth in Your Corporation, Revised and Updated
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      ASIN: 0972809902

      Book Description

      Are you getting a true picture of your company's performance?

      This explosive issue and its implications are fully explored in "Real Numbers." The authors, each a chief financial executive, describe how management accounting evolved to this point and how simplicity and clarity can be restored -- particularly in a lean organization. The management accounting model illustrated in "Real Numbers" points the way to unlocking the true profit potential of lean.

      Customer Reviews:

      4 out of 5 stars Recommended for starting a Lean- or QRM-journey.......2007-03-11

      This book is written in a simple manner for managers and operation people, as well as for controling and financial people. Failure of implementing JIT/Lean or QRM is often due to false understaning of the operations part itself and resistance of employees for change, but on the other side as well keeping old cost accounting practices and therefore numbers/reports not showing the improvements made. To judge improvements, you first need to know about what different cost exist and their real leverage. E.g. many companies still believe, inventory cost is a single digit percentage of a part cost p.a. ..

      Traditional cost management has some basic flaws, mainly considering that modern companies have a different structure compared to the ones, when most cost accounting methods where developped in the past. Without changes in cost accounting thinking related to what is going on in your company, even succesful operational changes will never become visible. In the worst case the numbers shown by your actual system will even show worse performance and JIT/Lean or QRM will be quickly dropped! Unfortunately even intelligent people have some trouble to really interpret reports and we often do not dare to ask simple questions as e.g. can I really see something out of this numbers? I'm not stupid, but often I must confess not to see something of real value out of some crunched number. We should more often start to ask ourself, what the hell we are doing with numbers? Without this critics, we are flying blind most of our time - and succes should not only be a question of luck..

      Accuracy or precision is not the same and the book provides you good information, where the pitfals may be. Lean means as well, that more closures and more frequent simple cost information is better for operation purpose, than looking monthly back.

      Any good and "heavy" book about JIT/Lean or QRM should provide some information about adaptation of your cost accounting system. Once again, as a very positive example to be mentionned here, the book Quick-Response-Manufacturing does so by explaining one aspect - more detailled information will be provided by this book here.

      I loved the expression of the authors about "change the reports, not the people.. ". There lies a lot of wisdom in this word.

      Best Regards,
      Oliver

      3 out of 5 stars Lacking in Structure and Worked Examples.......2006-11-08

      The book "Lean Thinking" by James Womack and Daniel Jones came out 10 years ago. I must confess I was rather underwhelmed by it at the time, but now lean is impossible to ignore - organisations of all sizes, in all sectors - from local authorities, to transport, to manufacturing - are adopting lean management. Lean is now on the agenda of organisations everywhere, and that means that accountants are increasingly being required to know lean techniques.

      I strongly believe that "lean accounting" is a set of skills that will be much in demand in future, and I believe, equally strongly, that management accountants are well placed to take advantage of this opportunity. "Real Numbers: Management Accounting in a Lean Organization" appears to offer an insight into management accounting in lean organisations, and the skill sets we need to adopt to be a key part of the lean revolution. The book opens with a fine description of the challenge - "Accounting departments produce information that runs late and is often misleading. Few managers fully understand the columns of numbers and variances presented in their reports".

      The book then spends 25 pages arguing the case for change. A five page summary I could accept, but this seems excessive - surely my buying this book presupposes that I accept the arguments ?. I am looking to be enticed into the exciting new arena that lean accounting offers; I am looking to be inspired; and to be given tools to empower me in this field. Unfortunately, "Real Numbers" keeps regaling me with the problems of cost accounting. We are constantly reminded of the drawbacks of absorption costing, but never quite led into the promised new land.

      And that is the main problem with this book. It seems to lack a clear direction, or even structure. Instead it meanders between apparently random thoughts, without much raising my level of excitement or interest. For example, the chapter on performance measures provides some interesting ideas, particularly on making ROI relevant to employees at all levels, and on using "total lead time" in indicators rather than just process time, but it fails to show how it all ties together. There are no worked examples, or "Balanced Scorecard" type structures to integrate different measures. Indeed, the book lacks worked examples throughout and this is another major weakness.

      After the chapter on performance measures, we have a long and apparently structureless section about streamlining the finance function. This is more a random collection of thoughts, including how the desks should be rearranged, than any structured approach to restructuring the accounts department.

      But there are interesting sections in the book. The chapter on remodelling the profit and loss account is useful (though, I suspect, pretty familiar territory to management accountants), and it contains a valuable warning that in the early years of lean, financial statements can show a reduction in profitability as stocks are liquidated; though this can be countered with the clear cashflow benefits. There is also some intriguing discussion of introducing Kaizen (breakthrough improvement) teams into the accounts department - sounds fun !. And the chapter on introducing the lean philosophy to capital budgeting (using lifecycle costs, including the impact on working capital) is excellent - though, again, is let down by a lack of worked examples.

      The book closes with an illustration of how the cashflow benefits of lean finance future growth, with some outstanding examples from US enterprises. The final line of the book exhorts accountants to "rediscover your relevance". It is a shame the authors didn't use this mantra more in its writing. The overall pace is ponderous, the style meandering, and the lack of worked examples is a real omission.

      The last book I read on lean accounting - "Who's Counting? A Lean Accounting Business Novel" (available on Amazon.com) was a hammy introduction to the concepts of lean accounting, but at least it was readable and had a clear direction. I much prefer it to this uneven and poorly structured mixture. I don't see how you could introduction lean management to the finance department using this book. While there are some interesting sections, overall it is a disappointment, I am sad to say.

      5 out of 5 stars Points the way for years of progress.......2006-01-21

      Most lean accouting books - in fact most books - present what they consider the solutions, the final answer. Real Numbers does present some answers, but more importantly, they provide the direction. By painting a picture of the ideal state that we should all be shooting for, they give us the guideposts to help us make progress and improvements day after day after day. This is much more powerful, because the progress that follows reading and applying this book can last for years. It is also more flexible because we can adopt what they are teaching to a wide variety of settings and companies. Furthermore, the authors have done it - they were there making it work. I think 10 years from now we will still be referring to this book as an important contribution to lean accounting and to accounting in general.

      5 out of 5 stars Transforming the Bean Counter..........2003-09-22

      The book's presentation makes a case for accurate and timely information that is easily understood and actionable. Whereby it is now time to take the benefits learned from implementing lean manufacturing on the shop floor into the office and remove the blinders of old traditional accounting systems. Doing so transforms the accountant from bean counter to a valued partner in the business.

      Discussions include:

      * a strong section on performance measurement - what the financial team should be measuring in place of current traditional accounting reports.

      * how to streamline the process and bring about meaningful change

      * a practical methodology for making the transition away from cost accounting - to go from micro accounting to macro accounting

      * plain English management financial systems - what they are, why to use, benefits, and how to get them using the one day close method

      * new concepts in budgeting (the lean budget) and capital planning whereby one looks at reduction in inventory and flexibility instead of per part cost

      * lean acquisitions - what to do with all that new found cash

      The final three chapters are my favorite where Jean and Orest take their boardroom management skills and depart wisdom to the reader. Here it is explained why the CEO and CFO must become active leaders, the benefits of breaking from tradition, and the twelve principles of lean accounting.

      This is a must read book for everyone who wants to shed the role of bean counter or who has struggled with bean counters and their misunderstanding the accounting side of lean manufacturing.

      Rick Anderson
      President
      TTW Inc. - WinMan software

      5 out of 5 stars The authors provide some solid, invaluable advice.......2003-06-12

      How can a manager gain a real picture of a company's performance? Real Numbers: Management Accounting In A Lean Organization helps managers understand management accounting practices, which often produce complex financial statements which have little to do with reality. Each of the authors is a CFO who probes management accounting systems and how simplicity and clarify can be restored to an organization's accounting system. The authors provide some solid, invaluable advice on tweaking accounting practices to get the most from facts and figures generated by accountants.
      Logic of Subchapter K: A Conceptual Guide to Taxation of Partnerships (American Casebook Series)
      Average customer rating: 5 out of 5 stars
      • Tax Manager
      • Excellent Book For A Difficult Subject
      • Great Work Tool!
      • Partnership Tax in plain English
      • LOGIC OF SUBCHAPTER K --- THE BEST
      Logic of Subchapter K: A Conceptual Guide to Taxation of Partnerships (American Casebook Series)
      Laura E. Cunningham , and Noel B. Cunningham
      Manufacturer: Thomson West
      ProductGroup: Book
      Binding: Paperback

      GeneralGeneral | Law | Subjects | Books
      GeneralGeneral | Taxation | Law | Subjects | Books
      American CasebookAmerican Casebook | Series | Law | Subjects | Books
      GeneralGeneral | Taxation | Law | Professional & Technical | Subjects | Books
      All TitlesAll Titles | Qualifying Textbooks - Fall 2007 | Stores | Books
      ProfessionalProfessional | Qualifying Textbooks - Fall 2007 | Stores | Books
      Similar Items:
      1. Partnership Income Taxation (Concepts and Insights) Partnership Income Taxation (Concepts and Insights)
      2. Federal Income Taxation of Partners and Partnerships in a Nutshell (Nutshell Series) Federal Income Taxation of Partners and Partnerships in a Nutshell (Nutshell Series)
      3. Corporate and Partnership Taxation (Black Letter Outlines) Corporate and Partnership Taxation (Black Letter Outlines)
      4. Fundamentals of Partnership Taxation Cases and Materials (University Casebook) Fundamentals of Partnership Taxation Cases and Materials (University Casebook)
      5. Corporation Taxation: Examples And Explanations (Examples & Explanations) Corporation Taxation: Examples And Explanations (Examples & Explanations)

      ASIN: 0314153128

      Product Description

      The material avoids neither the hard questions nor the conceptual difficulties, leaving students with a firm understanding of partnership taxation. Each chapter begins with a basic explanation of the relevant provisions, and the roles that they play in the overall structure of Subchapter K. Includes an increasingly detailed discussion of the specific rules, including multiple illustrative examples. Each chapter builds on the earlier chapters, leading the student through Subchapter K's seamless web. For J.D. or graduate-level law school courses on partnership taxation.

      Customer Reviews:

      5 out of 5 stars Tax Manager.......2007-05-14

      An absolute must for any tax professional working with partnerships. Like the title indicates, it is very logical and gives an overview of the complex details before diving into the details.

      5 out of 5 stars Excellent Book For A Difficult Subject.......2007-04-19

      This is an excellent, excellent book! I am law school student struggling my way through partnership tax (with no desire to practice tax law). I have purchased everything under the sun that I thought might give me a better understanding of the subject. This is the first book that I have come accross that really helped. It gives you the "why?" behind the mechanics. I cannot imagine why my professor recommended the Nutshell book as opposed to this book. I cannot recommend it enough!

      UPDATE - I got an A in the class and I am positive it was due to this book.

      5 out of 5 stars Great Work Tool!.......2007-03-24

      I work for the Department of Treasury for one of their tax audting departments. :) This book was helpful in my lLow Thru training and working my cases. The issues are easy to understand and there are great examples! A great tool to have with you when reviewing a flow thru tax case!

      5 out of 5 stars Partnership Tax in plain English.......2007-01-10

      I took a PS Tax law class and we were assigned a rather lengthy treatise as our textbook, but after a few weeks, it was clear that the treatise would not be helpful for someone taking a first tax course. The Logic of Subchapter K, however, covered almost every major topic the class addressed and did so in 5 to 10 pages of well-written material. I would have been in trouble without this book!

      5 out of 5 stars LOGIC OF SUBCHAPTER K --- THE BEST.......2006-11-10

      This text is the best out there. Makes a vey difficult part ot the Internal Revenue Code understandable

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