Overview

Summary of the Book

Innovative Financial Applications,

Turnaround and Product Pricing Strategies,

Profit Improvement Plans,

Cost Reduction Initiatives,

Performance Improvement Initiatives,

Project Cost Monitoring,

Risk Based Internal Audit Techniques,

Cash Embezzlement Incidents.

About the Author

Tulasi S Sastri, is a Chartered Accountant (FCA) and a Certified Information Systems Auditor (CISA). In his professional career of over 38 years, he had the opportunity to work in varied types of industries, and in different roles, as an accountant, a programmer, a systems analyst, a Controller and as an Internal Auditor. His experience covered both Projects and Operating Phases of organizations. In this book, he has shared his experiences in the form of “stories”. Focus is on application of concepts to live situations and the consequential gains.

Young accounting professionals could obtain greater conceptual clarity through application of various principles depicted in some of the stories. Students of Business Management could be benefitted by going through the articles which are like management case studies. Prior accounting knowledge is not required for understanding and appreciating the concepts. In that sense this book could be of use to managers in general, who are interested in knowing how to translate business operations into money. Finally consultants who are associated with business application development could find useful ideas, by relating the events described in the book to their own work requirements.

Accountants are no longer mere bean counters. If they do not confine themselves to the boundary of their “books”, the author believes that they can make significant contribution to performance improvements in their organizations. About twenty five true incidents described as stories in this book, with one or more useful ideas in each story, highlight benefits of this approach.

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