A firm's income statement may be, likened to a bikini-what it reveals is interesting but what it conceals is vital.
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Whilst I could not think of any man whose spirit was, or needed to be, more enlarged than the spirit of a genuine merchant. What a thing it is to see the order which prevails throughout his business! By means of this he can at any time survey the general whole, without needing to perplex himself in the details. What advantages does he derive from the system of book-keeping by double entry? It is among the finest inventions of the human mind; every prudent master of a house should introduce it into his economy.
In the long run managements stressing accounting appearance over economic substance usually achieve little of either.
People are accustomed to thinking of accounting as dry and boring, a necessary evil used primarily to prepare financial reports and survive audits, but that is because accounting is something that has become taken for granted.
There is a husband who requires mileage receipts, another who wants sex at three a.m One who forbids short haircuts, another who refuses to feed the pets. I would never put up with that, the other wives think. Never.
Happiness is.. Starting your study with 3 principles of accounting, then your profession, with 3 principles of life.. CHALLENGE it, ACHIEVE it, Loop it. Happy to be a CA, Happy CA day.
[To admit that college isn't for everyone] may sound élitist. It may even sound philistine, since the purpose of a liberal-arts education is to produce well-rounded citizens rather than productive workers. But perhaps it is more foolishly élitist to think that going to school until age 22 is necessary to being well-rounded, or to tell millions of young adults that their futures depend on performing a task that only a minority of them can actually accomplish.It is absurd that people have to get college degrees to be considered for good jobs in hotel management or accounting _ or journalism. It is inefficient, both because it wastes a lot of money and because it locks people who would have done good work out of some jobs. The tight connection between college degrees and economic success may be a nearly unquestioned part of our social order. Future generations may look back and shudder at the cruelty of it.
Republicans and Democrats have used accounting gimmicks and competing government analyses to deceive the public into believing that 2 + 2 = 6. If our leaders cannot agree on the numbers, if 'facts' are fictional, how can they possibly have a substantive debate on solutions?
I don't know technology and engineering. I don't know accounting.
To state the facts frankly is not to despair the future nor indict the past. The prudent heir takes careful inventory of his legacies and gives a faithful accounting to those whom he owes an obligation of trust.
I know what I don't know. To this day, I don't know technology, and I don't know finance or accounting.
Life as we know it, with all its ups and downs, will soon be over. We all will give an accounting to God of how we have lived.
There is nothing wrong with good accounting, except that it does not necessarily lead to good science.
By the end of 1978, we had 11 partners and six franchisees, we were operating in 22 cities, and we had about 6,000 clients. We had left Electronic Accounting Systems and were doing our own processing on our own computers.
This Department of Treasury, run by this administration, using the same tried and true accounting methods that every business in America uses, cast new light on the fiscal severity that our Nation is facing, what some would call a mess.
There's no business like show business, but there are several businesses like accounting.
Don't ever let your business get ahead of the financial side of your business. Accounting, accounting, accounting. Know your numbers.
I loved getting my M. B. A., and I really enjoyed being an accountant and financial analyst before I quit my day job twenty-five years ago to write full time. I just liked writing more_plus, I knew even then that as a full-time writer, I'd get plenty of chances to do business-type stuff, while as an accountant, I probably wouldn't get a lot of opportunities to write about dragons.