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Most Helpful Customer Reviews
1 of 1 people found the following review helpful:
5.0 out of 5 stars
A Rarity - Reminiscences of an Accountant,
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This review is from: Accumulated Appreciation: A Career Guide for Accounting Majors (Paperback)
It was over 10 years ago that I ordered this from Amazon, read it and became a CPA like Lloyd. I had no idea at the time that I would never find another book like it. If I could give it six Amazon stars, I would do so.
This is the autobiography of an accountant with a lifetime of experience. It is instructive and without intending to be, motivational. Lloyd Kurkowski, CPA, got established in financial accounting with one of the nation's biggest meatpackers, John Morrell & Co. He rose to the highest level, CFO, and his career spanned many other turns. Along the way he constantly explains the big picture issues in the simplest terms. For example, he suggests that companies explain in their accounting manual when you debit and when you credit each account. It sounds simple but is something almost nobody practices even in big business just because it is difficult to take time out to get organized. Kurkowski explains the different businesses he got into, always on the accounting side, and the types of partners he had. He made me realize that the best accountants are able to explain their businesses better than anybody else at the company. To be a good accountant, you have to truly understand the business for which you work - simple, but you usually never hear these things. Kurkowski has many interesting stories to tell, such as when an important mobster (the Chicago Outfit) tried unsuccessfully to recruit him to run all the accounting for their businesses. Like a lot of financial accountants coming out of heavy industry, Kurkowski was accustomed to holding his own, which attracted the mob. They wanted an accountant they could rely on, somebody they knew would be both smart and tough enough to stand up to them when needed. That tells you something about what owners look for in an accountant. Kurkowski wound up his career doing merger and acquisition (M&A) deals along with attorney partners. He felt that in a good M&A deal, both sides have to feel they are giving up too much. I think anybody starting out in accounting would find Kurkowski's book to be the only one in its category, and very helpful to form a perspective of what an accountant can be.
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