Working Capital Management | Financial management

The Importance of the Balance Sheet (Statement of Financial Position) for Business Management

Managing a business without a Balance Sheet is like driving blindfolded. Discover why P&L is not enough and how to analyze financial position to avoid bankruptcy.

25.04.2025Business Management, Financial analysis

Costing Traps (Part 1)

Stop using accounting cost for business decisions. Learn how to identify Relevant Costs, ignore Sunk Costs, and avoid the "Death Spiral" in pricing and make-or-buy scenarios.

03.01.2018Business Management, Costing Traps, Financial analysis, Managerial Accounting, Variable Costing

When Accounting Deceives: How Absorption Costing Distorts Profit

Why did profit go up while sales stayed flat? A detailed case study comparing Absorption Costing vs. Variable Costing. Learn how inventory build-up creates "phantom profit".

04.12.2017Absorption Costing, Business Management, Costing Traps, Financial analysis, Financial Planning, Managerial Accounting, Variable Costing