ACCOUNTANTS MAKE ME LAUGH

I have selected discounted cash flows (DCF) as the most confusing cash flow because there are four of them. Two […]

In my day, and I’ve been retired for a while, traditional planning consisted of a strategic plan sometimes called a

A few accountants have started to introduce ‘unwind’ as accounting jargon in annual reports. And they are being selective. It

Ever since EBIT was invented accountants have been adding letters to it in a supposed effort to refine it. A

Have you noticed how accountants like the expression ‘write it’. They first took the word ‘down’ and tagged it on

I would like to share this beautiful sentence I found in the Annual Report of the Department of Education (year

Accountants are getting bored with increase and their derivatives: higher, improved, growth and their opposites: decrease, lower, declined and negative

To make fun of double-entry bookkeeping will bring on the fiercest ire [1] of many fellow accountants. Its concept is

CFO does not stand for Chief Financial Officer but Chief Fiddling Officer. The title has nothing to do with musical

Profit on its own does not exist in accounting. Accountants have so many different types of profit that they have

Balance Sheet Companies are required to prepare a certain number of compulsory documents called financial statements. One of these is

True and Fair In many counties in the world, auditors declare that financial statements give a true and fair view

Hiding R&D Having announced research and development expenses are expensed as incurred, pharmaceutical companies show capitalised research and development costs

CPA The first is CPA. Every accountant thinks they know what this stands for.  Certified Public Accountant in the USA