Accounting Principles Quotes

Accounting is the language of business.

You have to know accounting. It's the language of practical business life. It was a very useful thing to deliver to civilization. I've heard it came to civilization through Venice which of course was once the great commercial power in the Mediterranean. However, double entry bookkeeping was a hell of an invention.

My most difficult class at Harvard Business School would have to be finance.

I've already written a section in the annual report for next year explaining why I think in one case that the figures on our balance sheet as calculated are wrong. But it's the standard way of doing it. It's holy writ. The SEC wants us to do it that way, and we'll do it that way, and I'll explain why I think it's wrong and shareholders can read it and see whether they agree with my logic or don't.

Someone remind me why I didn’t want to be an accountant when I grew up,” Brock drawled. Niko chuckled. “Because accountants don’t get to make things go boom.

I have some classes in accounting, but I don't know anything about accounting. I - you know, when my accountant tells me all the things he does, it's a foreign language to me.

If you look at the history of the American capital market, there's probably no innovation more important than the idea of generally accepted accountancy principles.

If being in a band was my job, then I would quit. This is not a good job. A good job is in financial management.

I'm so bored by business and money.

There is nothing wrong with good accounting, except that it does not necessarily lead to good science.

Remind people that profit is the difference between revenue and expense. This makes you look smart.

My parents wanted me to work in a bank or as an accountant.

If I find out where every dollar goes, and how it is used, I shall understand the apparatus thoroughly.

I come from Wall Street, and you'll never see me do a PowerPoint because I'm all about Excel spreadsheets. If it's not in the numbers, I don't care how strategic it is; it doesn't play out.

If you don't have a VP Finance on your team reporting to you, do yourself, your team, and your investors a favor and go hire one right now.

Did you ever hear of a kid playing accountant - even if they wanted to be one?

The fact is that one of the earliest lessons I learned in business was that balance sheets and income statements are fiction, cash flow is reality.

Managers thinking about accounting issues should never forget one of Abraham Lincoln's favorite riddles: How many legs does a dog have, if you call a tail a leg? The answer: Four, because calling a tail a leg doesn't make it a leg.

I could never have been an accountant. I got a D in math.

I didn't go to business school, didn't care about financial stuff and the stock market.

Accounting for the most part, remains a legalistic and traditional practice, almost immune to self-criticism by scientific methods.

A lot of people disagree with me on this, I believe in mark to market.

I studied finance and was a topper.

I was a very bad accountant; I didn't care about money, golf or discovering fraud. After about a year I was sacked; then I went into teacher training.

I was a business major in college, so I knew economics.