Quotes About Accounting

As the economist Herman Daly once put it: "The current national accounting system treats the earth as a business in liquidation.

When you use carbon dioxide equivalents, you aren't fully accounting for this important short-term effect.

the number one most serious problem facing American taxpayers. That problem is the complexity of the tax code.

She did not recall the words, only the idea: that loss was love's accounting, its unit of measure, as a foot was made of inches, a yard was made of feet.

The sale would be treated as a transfer, merely part of a complex financing. Banamex's 20 percent ownership of the Bermuda company would allow it to avoid recognizing a sale, and Banamex could "sell" 80 percent of its Ajustabonos without generating the accounting loss it had feared.

Ivar appreciated Berning's reconciliation. The message from Ernst & Ernst was that if Ivar decided he didn't like some numbers, they easily could be changed. As the old joke went, when an accountant interviewing for a job is asked, "What is two plus two?" the best answer is not "Four," but "What do you want it to be?

That is one of the great mistakes people make: assuming that someone who does menial work does not like thinking. Physical labour is great for the mind, as it leaves all kinds of time to consider the world. Other work, like accounting or scribing, demands little of the body—but siphons energy from the mind.

I resolved to major in economics, until I learned that it required an accounting course. I switched to political science, which had no such requirement. (A strange beginning for someone who was later to be a founding father of a business school and a Nobel Laureate in economics.)

Companies figured out that the easiest way to make money was to reissue records that the accounting department had paid for years ago and already made a profit.

The scriptures make the danger of delay clear. It is that we may discover that we have run out of time. The God who gives us each day as a treasure will require an accounting.

While it's trendy to outsource your accounting to a third party, once you hit a certain size, it's dangerous.

Most accountants will tell you the majority of small businesses run as an S Corporation.

I pay tax, and I pay federal tax, too. But I have a write-off, a lot of it's depreciation, which is a wonderful charge. I love depreciation.

And he read Principles of Accounting all morning, but just to make it interesting, he put lots of dragons in it.

Democracy depends on engagement, a firsthand accounting of what one sees, what one feels, and what one thinks, followed by the artful practice of expressing the truth of our times through our own talents, gifts, and vocations.

As an artist, your only way to battle your label if you have a discrepancy is to go to court. I don't understand why you can't both agree if you have an accounting problem to have a third party to assess the situation.

Accounting and finance are not reality, the are a reflection of reality, and the accuracy of that reflection depends on the ability of accountants and finance professionals to make reasonable assumptions and to calculate reasonable estimates.

Absent in such knowledge, what happens? Simple: the people from accounting and finance control the decisions. We use the word control because when decisions are based on numbers, and when the numbers are based on accountants' assumptions and estimates, then the accountants and finance folks have effective control (even if they aren't trying to control anything). That's why you should need to know what questions to ask.

But GAAP rules are not what most people might think of as "rules." They don't take the form of imperatives, such as "Count this expense exactly this way" or "Count this revenue exactly that way." They are guidelines and principles, and so are open to interpretation and judgment calls.

Remember, accounting is the art of using limited data to come as close as possible to an accurate description of how well a company is performing.

The art of accounting and finance is the art of using limited data to come as close as possible to an accurate description of how well a company is performing.

Still, Amelia had not allowed herself to be certain until dessert, when she'd asked him about the book that had had the greatest influence on his life, and he'd replied Principles of Accounting, Part II.

when she'd asked him about the book that had had the greatest influence on his life, and he'd replied Principles of Accounting, Part II. Gently

she'd asked him about the book that had had the greatest influence on his life, and he'd replied Principles of Accounting, Part II.