Nanolive 
Michael Sack Elmaleh
Michael Sack Elmaleh is a Certified Public Accountant and Certified Valuation Analyst. His book,"Financial Accounting: A Mercifully Brief Introduction", has received wide critical acclaim. He has nearly 30 years of accounting and 10 years of teaching experience.
http://understand-accounting.net
Articles by this Author
Why I am Running for President: Special Victims Unit
- By Michael Sack Elmaleh
- Published Friday 30th 2008
- Politics
- Unrated
Presidential candidates assure us that they love all Americans. But they especially love Americans who have been victimized in ways that reinforce their campaign platform.
Sunk Costs: Assets With Little Or No Market Value
- By Michael Sack Elmaleh
- Published Thursday 22nd 2008
- Unrated
Assets are costs. Unexpired costs. This is not a straightforward concept. Sunk costs are assets that have little or no market value.
Audit Firm Rotation as a Good Governance Practice for Non Profit Organizations
- By Michael Sack Elmaleh
- Published Tuesday 25th 2008
- Auditing
- Unrated
Non profit organizations should rotate their audit firms periodically to insure a high level of audit performance.
What Sort of Experience is Needed to be a Good President?
- By Michael Sack Elmaleh
- Published Tuesday 4th 2008
- Politics
- Unrated
Some of our best Presidents came to office with very little of the kind of experience many think is needed.
Cost Savings from Computerized Accounting are Not What They Should Be
- By Michael Sack Elmaleh
- Published Thursday 31st 2008
- Unrated
Considering moving from a manual accounting system to a computerized one? Don't expect to save any money. Here's why.
Why Financial Accounting is Neither Simple Nor Precise
- By Michael Sack Elmaleh
- Published Wednesday 2nd 2008
- Unrated
Here are three basic reasons accounting is neither simple nor precise.
Do Accounting Rules Discourage Research & Development?
- By Michael Sack Elmaleh
- Published Wednesday 2nd 2008
- Unrated
Current accounting rules discourage research and development spending to the detriment of society.
Protecting Small Non-Profits from Fraud: An Ounce of Prevention
- By Michael Sack Elmaleh
- Published Wednesday 2nd 2008
- Unrated
Small non-profit organizations are very vulnerable to fraud. Here are some inexpensive measures that can be adopted to protect them.
Sunk Costs and Loss Aversion
- By Michael Sack Elmaleh
- Published Wednesday 2nd 2008
- Unrated
Cost accounting teaches us to ignore sunk costs. Easier said then done because ignoring sunk costs often entails admitting poor decisions and accepting unrecoverable losses.
Sunk Costs and Loss Aversion
- By Michael Sack Elmaleh
- Published Wednesday 2nd 2008
- Unrated
Cost accounting teaches us to ignore sunk costs. Easier said then done because ignoring sunk costs often entails admitting poor decisions and accepting unrecoverable losses.
Measuring Non Profit Efficiency: The Statement of Functional Expense
- By Michael Sack Elmaleh
- Published Wednesday 2nd 2008
- Unrated
A non profit organization's Statement of Functional Expenses often gives a misleading measure of its efficiency.
Corporate Restructurings: Ordinary or Not So Ordinary?
- By Michael Sack Elmaleh
- Published Tuesday 1st 2008
- Investing
- Unrated
Corporate Restructurings appear as a separate line on many income statements. The author questions this practice.