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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

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

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

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?

Some of our best Presidents came to office with very little of the kind of experience many think is needed.

The Subjectivity and Relativity of Risk Assessments in Investment Decisions

Standard valuation theory hold that the risk of making an investment is determined by the objective characteristics of the underlying business. I argue that risk, particularly for investors in small closely held businesses, is relative and to a degree subjective.

Why Financial Accounting is Neither Simple Nor Precise

Here are three basic reasons accounting is neither simple nor precise.

Do Accounting Rules Discourage Research & Development?

Current accounting rules discourage research and development spending to the detriment of society.

Protecting Small Non-Profits from Fraud: An Ounce of Prevention

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

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.

Corporate Restructurings: Ordinary or Not So Ordinary?

Corporate Restructurings appear as a separate line on many income statements. The author questions this practice.

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