Accounting Quotes

Quotes tagged as "accounting" Showing 1-24 of 24
J.K. Franko
“See, the things we do, everything—the universe is watching. Good and bad. And that motherfucker is making a list like a goddammed accountant. And, in the end, all the accounts have to balance.”
J.K. Franko, Tooth for Tooth

Patricia C. Wrede
“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.”
Patricia C. Wrede

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

David Byrne
Language as a Prison

The Philippines did have a written language before the Spanish colonists arrived, contrary to what many of those colonists subsequently claimed. However, it was a language that some theorists believe was mainly used as a mnemonic device for epic poems. There was simply no need for a European-style written language in a decentralized land of small seaside fishing villages that were largely self-sufficient.

One theory regarding language is that it is primarily a useful tool born out of a need for control. In this theory written language was needed once top-down administration of small towns and villages came into being. Once there were bosses there arose a need for written language. The rise of the great metropolises of Ur and Babylon made a common written language an absolute necessity—but it was only a tool for the administrators. Administrators and rulers needed to keep records and know names— who had rented which plot of land, how many crops did they sell, how many fish did they catch, how many children do they have, how many water buffalo? More important, how much then do they owe me? In this account of the rise of written language, naming and accounting seem to be language's primary "civilizing" function. Language and number are also handy for keeping track of the movement of heavenly bodies, crop yields, and flood cycles. Naturally, a version of local oral languages was eventually translated into symbols as well, and nonadministrative words, the words of epic oral poets, sort of went along for the ride, according to this version.

What's amazing to me is that if we accept this idea, then what may have begun as an instrument of social and economic control has now been internalized by us as a mark of being civilized. As if being controlled were, by inference, seen as a good thing, and to proudly wear the badge of this agent of control—to be able to read and write—makes us better, superior, more advanced. We have turned an object of our own oppression into something we now think of as virtuous. Perfect! We accept written language as something so essential to how we live and get along in the world that we feel and recognize its presence as an exclusively positive thing, a sign of enlightenment. We've come to love the chains that bind us, that control us, for we believe that they are us (161-2).”
David Byrne, Bicycle Diaries

Ryan Lilly
“Legacy accounting: Will you have been an asset or a liability on the world's balance sheet?”
Ryan Lilly

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

Mokokoma Mokhonoana
“Millions of business people are each constantly forced to choose between their desire to not be a bad person and their desire to be a good business person, that is to say, to make as much money as they possibly can by maximizing their revenue while minimizing the cost of producing whatever it is that they sell.”
Mokokoma Mokhonoana, The Use and Misuse of Children

“Read your paper backward, sentence by sentence, as a final proofreading step. This technique isolates each sentence and makes it easier to spot errors you may have overlooked in previous readings.”
Claire B. May Gordon S. May

Johann Wolfgang von Goethe
“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.”

Burton G. Malkiel
“A firm's income statement may be, likened to a bikini-what it reveals is interesting but what it conceals is vital.”
Burton G. Malkiel

“Any difficult task seems easier if you break it down into manageable steps.”
Claire B. May Gordon S. May

Jane Gleeson-White
“As Francesco Datini of Prato did a century before, Pacioli advises merchants to incorporate explicit signs of Christianity into their books as a way of legitimising their profit-seeking activities. The use of double entry itself was like the Catholic confession: if a merchant confessed—or accounted for—all his world activities before God, then perhaps his sins would be absolved. These Christian flourishes that Pacioli recommends merchants include in their books are therefore no mere ornaments.”
Jane Gleeson-White, Double Entry: How the Merchants of Venice Shaped the Modern World

Eric Ries
“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.”
Eric Ries, The Lean Startup: How Today's Entrepreneurs Use Continuous Innovation to Create Radically Successful Businesses

“The key to revising is to let the writing get 'cold' between revisions; a time lapse between readings enables you to read the draft more objectively and see what you have actually said, instead of what you meant to say.”
Claire B. May and Gordon S. May

Jenny Offill
“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.”
Jenny Offill, Dept. of Speculation

Vikrmn: CA Vikram Verma
“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.”
Vikrmn, Guru with Guitar

“[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.”
Ramesh Ponnuru

“Segregation and separation can be a good thing.
The person collecting money for your cannabusiness should not be the one that is in charge of doing the receivables or doing the reconciliations.

Segregate and separate those three tasks to three different people.
Person 1 - collects the money
Person 2 - invoices for the money
Person 3 - reconciles the money.

This allows for lesser chances of collusion, lesser chances of people walking with money and lesser chances of being fined or penalized by the state.”
Amit Chandel

J. Andrew Schrecker
“Somewhere along the way, the conversation was shifted away from the vision of directors to that of producers. Yes, art is commerce, but I sometimes wonder if general audiences truly like art, or do they prefer accounting?”
J. Andrew Schrecker

Warren Buffett
“If options aren't a form of compensation, what are they? If compensation isn't an expense, what is it? And, if expenses shouldn't go into the calculation of earnings, where in the world should they go?”
Warren Buffett, The Essays of Warren Buffett: Lessons for Corporate America

“As an account manager, Yehoshua Leibowitz uses his personal and communication skills to handle collections for clients in the cash advance business. His charming and loyal personality has led to numerous promotions. In one of his first jobs, Yehoshua Leibowitz was selected to oversee a team of workers at four different dry cleaning locations.”
Yehoshua s Leibowitz

Thomas J. Stanley
“Their children will have it better. They will not have to take significant risks. They will become physicians, attorneys, and accountants. Their capital is their intellect.”
Thomas J. Stanley, The Millionaire Next Door: The Surprising Secrets of America's Wealthy

“Study your accounting. As an entrepreneur, you should not make an excuse not to learn this vital subject. It is, after all, the language of business.”
Abdul Malik Omar, Triumph: Unleash Your Inner Entrepreneur


हिसाब सिर्फ अपना वक़्त बेचते वक़्त कीजिये
हर वक़्त हिसाब करना अच्छा नहीं होता”
Vineet Raj Kapoor