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We are pleased to have the chance to interview Dr. Reginald Lee, author of 'Lies, Damned Lies, and Cost Accounting: How Capacity Management Enables Improved Cost and Cash Flow Management,' and the founder of the Cash Flow Innovation Lab. Companies need cash flow to sustain themselves and to grow. Cost accounting was created to help determine the cost of products, services, and activities. For optimal cash performance, cost accounting is not the answer. Allocations and accruals create a gap between cash and what accounting reports. The answer? Don’t allocate costs. The Lab’s R and D objective i
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