Managerial Accounting for Tree Businesses - James Komen

A profit & loss sheet is the basic yardstick for a business. It’s meant to answer the question, “How are we doing?” But in many ways, the picture presented can become distorted unintentionally and give managers a false impression of a company’s health. In this presentation, James Komen discusses how to correct for these situations by changing the way transactions are recorded. Examples are framed within the context of a typical tree service company.