Accounting Quotes

“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

“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

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

“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

“Net Income is more important than gross revenues.”
― Hendrith Vanlon Smith Jr, CEO of Mayflower-Plymouth

“Honest accounting is a really important part of corporate responsibility. Let's just be honest and transparent with the numbers. No inflating, no exaggerating, no reconfiguring... Just pure numbers that tell the honest truth about the companies financial reality.”
― Hendrith Vanlon Smith Jr, CEO of Mayflower-Plymouth

“All else being constant, Gross Profit is more important than EBITDA.”
― Hendrith Vanlon Smith Jr, CEO of Mayflower-Plymouth, Business Essentials

“Companies should manage tax liabilities strategically to optimize financial resources, enhance profitability, and ensure compliance with tax laws. Effective tax management reduces the tax burden and allows companies to allocate more resources to core activities, ultimately improving their bottom line.”
― Hendrith Vanlon Smith Jr.

“Companies should maintain accurate and timely financial records because it serves as the foundation for informed decision-making, ensures compliance with regulatory requirements, and enhances transparency, ultimately bolstering trust among stakeholders and facilitating long-term financial stability and growth. Without good records, businesses may risk financial mismanagement and uncertainty, hindering their ability to thrive in a competitive market.”
― Hendrith Vanlon Smith Jr., Capital Acquisition: Small Business Considerations for How to Get Financing

“I miss the days when forensic accountancy and security engineering were distinct fields.”
― Cory Doctorow, Red Team Blues

“File taxes on time: Meet all tax filing deadlines, including annual returns and quarterly payments, to avoid penalties and interest.”
― Hendrith Vanlon Smith Jr.

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“The reason of CA being the most respected profession is that it doesn’t have any quota or reservation system.”
― Vikrmn: CA Vikram Verma, Debit Credit of Life: from the good books of accounts

“You do not just become, you evolve as, a Chartered Accountant.”
― Vikrmn: CA Vikram Verma, Debit Credit of Life: from the good books of accounts

“Deposit the currency of time regularly in the recurring deposit account of your passion. How much did you deposit today?”
― Vikrmn: CA Vikram Verma, Debit Credit of Life: from the good books of accounts

“Let the learning be the journal of life.”
― Vikrmn: CA Vikram Verma, Debit Credit of Life: from the good books of accounts

“Tough life and tough people are inversely proportional. Stay tough.”
― Vikrmn: CA Vikram Verma, Debit Credit of Life: from the good books of accounts

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“She keeps the books. She holds the key. She is the dealer.”
― Niedria D. Kenny, Order in the Courtroom: The Tale of The Texas Poker Player

“Herman Bluebeard, who said to Scotland Yard, 'How do I know how many women I've killed? I'm a murderer, not an accountant!”
― Red Buttons, I Never Got a Dinner: The Autobiography of Red Buttons

“And he said...

...numbers exist in the minds of men for they have a greedy desire for summation.”
― Anthony T. Hincks

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“Accounting must be interpreted on the basis of general language usage and common sense.”
― Telpner, Expert Witnessing in Forensic Account (02) by Telpner, Zeph - Mostek, Michael [Hardcover (2002)]

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“I sat there staring dumbly at the expense account and wondering, in a half-stupid way, how such a pretty color as red ever got mixed up with so black a thing as being broke.”
― Charles Beaumont, Twilight Zone: The Original Stories

“The totalising trend of money and its conceptual equivalence to utility or goodness is responsible for the lunacy of current economic accounting, in which phenomena like cancer, toxic water leaks, divorce, imprisonment, and so forth contribute to GDP - the total value of all "goods" and "services". As long as the damage caused to people, cultures, and ecosystems is not denominated in money, it is in the realm of other, off the balance sheet...To the extent that we identify with our communities, we cannot export costs to them. Both social pressures and our own conscience will stop us. To the extent that we identify with nature, neither can we see as profit anything that diminishes the overall wholeness and beauty of the earth.”
― Charles Eisenstein, The Ascent of Humanity: Civilization and the Human Sense of Self by Eisenstein, Charles

“In the race to scale a startup, overlooking financial planning is like to building a skyscraper on shaky ground. True growth stems from decisions rooted in accurate forecasts and smart resource allocation.”
― Jason Hishmeh, The 6 Startup Stages: How Non-technical Founders Create Scalable, Profitable Companies