Intentionally limited in scope; presents useful information on receivables.

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THE ACCOUNTING TABLOID

A debut guide offers a detailed explanation of receivables.

Receivables, or “impending cash collections,” are essential to the financial health of most businesses and a basic component of any accounting system. The intent of this simply written manual is to explain the myriad types of receivables and show how they relate to the accounting cycle. Hall begins at the most basic level, illustrating the accounting equation of “Assets = Liabilities + Equity.” He briefly explains the accounting cycle to provide context for the subsequent discussion of receivables, a broad category that is then subdivided by topic. Each subject consists of a short chapter—sometimes just a few paragraphs—covering specifics, including sales returns and allowances, credit card payments, rent receivable, sales on installment, and more. Some topics, such as cash advances to employees, rebates, and loans receivable, are likely to be lesser known or perhaps even overlooked by those who lack experience with accounting systems. Often, the author will add some explanatory text to highlight the benefits of a particular element; for example, in discussing the disposition of accounts receivable, Hall writes: “A quick way to improve the cash flow position is achieved by the selling of the accounts receivable or pledging them as security for loans.” The primary strength of this brief book is the multitude of examples—over 50 of them—used by the author to illuminate various aspects of receivables. These balance sheets, journal entries, tables, sample invoices, and the like are extremely helpful in depicting how receivables function in accounting. Included at the end of the manual are four “mini cases,” in which Hall poses some problems to solve; these cases demonstrate real-world application of the material. A legitimate criticism of this guide involves its restricted content; “receivables” is just a single class recorded in a business accounting system, and focusing on it in isolation may obscure a wider understanding of fiscal procedures. Still, for those who want a quick introduction to receivables alone, this book should prove to be a suitable choice.

Intentionally limited in scope; presents useful information on receivables.

Pub Date: Dec. 5, 2017

ISBN: 978-1-4582-1433-1

Page Count: 164

Publisher: AbbottPress

Review Posted Online: May 11, 2018

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Occasionally wonky but overall a good case for how the dismal science can make the world less—well, dismal.

GOOD ECONOMICS FOR HARD TIMES

“Quality of life means more than just consumption”: Two MIT economists urge that a smarter, more politically aware economics be brought to bear on social issues.

It’s no secret, write Banerjee and Duflo (co-authors: Poor Economics: A Radical Rethinking of the Way To Fight Global Poverty, 2011), that “we seem to have fallen on hard times.” Immigration, trade, inequality, and taxation problems present themselves daily, and they seem to be intractable. Economics can be put to use in figuring out these big-issue questions. Data can be adduced, for example, to answer the question of whether immigration tends to suppress wages. The answer: “There is no evidence low-skilled migration to rich countries drives wage and employment down for the natives.” In fact, it opens up opportunities for those natives by freeing them to look for better work. The problem becomes thornier when it comes to the matter of free trade; as the authors observe, “left-behind people live in left-behind places,” which explains why regional poverty descended on Appalachia when so many manufacturing jobs left for China in the age of globalism, leaving behind not just left-behind people but also people ripe for exploitation by nationalist politicians. The authors add, interestingly, that the same thing occurred in parts of Germany, Spain, and Norway that fell victim to the “China shock.” In what they call a “slightly technical aside,” they build a case for addressing trade issues not with trade wars but with consumption taxes: “It makes no sense to ask agricultural workers to lose their jobs just so steelworkers can keep theirs, which is what tariffs accomplish.” Policymakers might want to consider such counsel, especially when it is coupled with the observation that free trade benefits workers in poor countries but punishes workers in rich ones.

Occasionally wonky but overall a good case for how the dismal science can make the world less—well, dismal.

Pub Date: Nov. 12, 2019

ISBN: 978-1-61039-950-0

Page Count: 432

Publisher: PublicAffairs

Review Posted Online: Aug. 29, 2019

Kirkus Reviews Issue: Sept. 15, 2019

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A timely, vividly realized reminder to slow down and harness the restorative wonders of serenity.

STILLNESS IS THE KEY

An exploration of the importance of clarity through calmness in an increasingly fast-paced world.

Austin-based speaker and strategist Holiday (Conspiracy: Peter Thiel, Hulk Hogan, Gawker, and the Anatomy of Intrigue, 2018, etc.) believes in downshifting one’s life and activities in order to fully grasp the wonder of stillness. He bolsters this theory with a wide array of perspectives—some based on ancient wisdom (one of the author’s specialties), others more modern—all with the intent to direct readers toward the essential importance of stillness and its “attainable path to enlightenment and excellence, greatness and happiness, performance as well as presence.” Readers will be encouraged by Holiday’s insistence that his methods are within anyone’s grasp. He acknowledges that this rare and coveted calm is already inside each of us, but it’s been worn down by the hustle of busy lives and distractions. Recognizing that this goal requires immense personal discipline, the author draws on the representational histories of John F. Kennedy, Buddha, Tiger Woods, Fred Rogers, Leonardo da Vinci, and many other creative thinkers and scholarly, scientific texts. These examples demonstrate how others have evolved past the noise of modern life and into the solitude of productive thought and cleansing tranquility. Holiday splits his accessible, empowering, and sporadically meandering narrative into a three-part “timeless trinity of mind, body, soul—the head, the heart, the human body.” He juxtaposes Stoic philosopher Seneca’s internal reflection and wisdom against Donald Trump’s egocentric existence, with much of his time spent “in his bathrobe, ranting about the news.” Holiday stresses that while contemporary life is filled with a dizzying variety of “competing priorities and beliefs,” the frenzy can be quelled and serenity maintained through a deliberative calming of the mind and body. The author shows how “stillness is what aims the arrow,” fostering focus, internal harmony, and the kind of holistic self-examination necessary for optimal contentment and mind-body centeredness. Throughout the narrative, he promotes that concept mindfully and convincingly.

A timely, vividly realized reminder to slow down and harness the restorative wonders of serenity.

Pub Date: Oct. 1, 2019

ISBN: 978-0-525-53858-5

Page Count: 288

Publisher: Portfolio

Review Posted Online: July 21, 2019

Kirkus Reviews Issue: Aug. 15, 2019

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