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.
Some people think my book is not a true accounting book, but they are mistaken. Accounting is all about standards. The Profit and Loss Report and Balance Sheet are
the same reports no matter how difficult it is for you to learn how to generate one for your business. 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 downside, so you can improve your profit!
As a matter of fact, the client who made up "wwmd" acronym is taking accounting classes towards a business degree. If I wasn't answering her questions correctly, she would have figured it out by now!
