Quotes About Accounting

the failed states in Latin America needed double-entry bookkeeping more than they needed any ideology,

The medical profession and the leading academic institutions where mind control research was done have not yet provided a meaningful public accounting, financial or ethical, of this experimentation.

Account books form a narrative as engaging as any tale of sea monsters or cannibals.

Shell companies can be owned by other shell companies; opaque offshore vehicles are carefully designed so that regulators can't identify who is using them; with the right accountants, they can be set up quickly and easily.

There are tens of thousands of bank branches and 4,000 currency chests. We need to be careful and try that this is a number which is not a mere estimate but a verified number both physically and in the accounting sense.

What's this? Petty Cash

My father told me when I went to college that I needed to take an accounting class. I enrolled and went the first day. I didn't understand a thing that was being said and dropped the class. I really regret that decision. I should have stuck it out and learned the basics of accounting, but I took the easy way out.

I actually studied accounting in college. So I'm a CPA.

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?

Balanced budget requirements seem more likely to produce accounting ingenuity than genuinely balanced budgets.

Managers and investors alike must understand that accounting numbers are the beginning, not the end, of business valuation.

The reaction of weak management to weak operations is often weak accounting.

There is no business like show business. There is also no business like certified public accounting, but that doesn't rhyme as well.

In the long run managements stressing accounting appearance over economic substance usually achieve little of either.

For a hot-shot CEO taking over a troubled company, mass firings are the ultimate quick fix, the accounting equivalent of crack: cheap, easy to score, instantly gratifying, and highly addictive.

First-rate engineers, for instance, tend to take pride in not knowing anything about people. Human beings, they believe, are much too disorderly for the good engineering mind. Human resources professionals, by contrast, often pride themselves on their ignorance of elementary accounting or of quantitative methods altogether. But taking pride in such ignorance is self-defeating. Go to work on acquiring the skills and knowledge you need to fully realize your strengths.

I have no idea how to account anything.

I made $225.81 a week as an accountant, and I went to $400 a week as a stand-up. I was up to $800 a week when I went out to L.A. In L.A., I made $25.

An accountant is someone who knows the cost of everything and the value of nothing.

assets = liabilities + owner's equity or

Each year, a portion of the original cost of an asset is written off as an expense, and that change is noted as an adjusting entry. Determining

Basically you start this process from the bottom up. In other words, you check your balances in sub-ledgers or journals to be sure they are correct.

Many small businesses use what is called a modified cash-basis accounting method. These businesses record most transactions when cash is exchanged, but account for certain transactions, such as the purchase and use of equipment, over time using a method called depreciation.

Life is a bank where everybody has deposited time but will never know the balance.