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Showing posts from August, 2013

Using cats as an analogy - which is most realistic?

Four men were bragging about how smart their cats were.

The first man was an Engineer, the second was an Accountant, the third
was a Chemist and the fourth man was a Civil servant.

To show off, the Engineer called his cat, "T-square, do your stuff."

T-square pranced over to the desk, took out some paper and pen and promptly drew a circle, a square, and a triangle. Everyone agreed that was pretty smart.

But the Accountant said his cat could do better.

He called his cat and said, "Spreadsheet, do your stuff."

Spreadsheet went out to the kitchen and returned with a dozen biscuits. He divided them into 4 equal piles of 3 biscuits. Everyone agreed that was good.

But the Chemist said his cat could do better. He called his cat and said "Measure, do your stuff."

Measure got up, walked to the fridge, took out a litre of milk, got a glass from the cupboard and poured exactly 80 millilitres without spilling a drop into the glass.

Everyone agreed that was pretty good…

Spare a thought for your accountant

Spare a thought for your accountant He’s trying to do his best To earn a decent living Just like all the rest
Doing all that double entry’s Not as easy as it looks It takes years and years of practice To cook a set of books
But when the debits and the credits Don’t add up quite as they should Staring at the door or window Doesn’t do a lot of good
It’s said two things are sure in life Death and taxes are the pair But one more fact is certain Your accountant’s thinning hair!
The tax rules alter constantly He struggles to keep pace Tax, NI and VAT Etch deep lines in his face
And even when the job is done The client may not pay So your accountant’ll keep a’counting

Until retirement day
Written by chartered accountant David Marston in 1998 and passed on to me recently when it turned up out of the blue.

Accountants are not just bean counters, or pea counters. And we can spell!

This was on the Telegraph's website this week:

At least they only omitted a 'C' in their spelling of Accountant in the headline. I once omitted the 'O'. And why have they used a picture of green garden peas rather than beans?

Professional skepticism

In June 2007 the Zootopia Theatre Company presented the New York premiere of Professional Skepticism by James Rasheed.

The following description is from the show's press release: "The play centers on four auditors at a Big Five CPA firm in Charleston, South Carolina, and their daily struggle to survive while swimming with sharks. An audit scandal threatens to change these characters into headline-making personalities."

Written before scandals enveloped Enron, Worldcom and Arthur Anderson, the play has apparently assumed new stature in light of these events. Critics applauded the play's sharp, funny dialogue and how it presents quantitative issues with such clarity that even mathematically-challenged audience members can feel as smart as the sharpest pinstripe CPA.

If you want to know more - here's a full review of Professional Skepticism.



The Audit Wheel of Fortune

With all due credit to Liam Higgins Saunders (who is 'Colin') at Accountancy Age's Taking Stock where this cartoon originally appeared.

An #INABAaward goes to Super Accountant Annette Ferguson

I first encountered Annette on twitter. I checked out her website, read some of her blog posts, listened to her podcasts and watched some of her videos. Even before speaking with her I was pretty certain that she deserved this (virtual) award of an INABA.

INABA stands for 'I'm Not ABoring Accountant' - more on the awards here +++++;

Annette is another stand out accountant who evidently operates in such a way as to confirm my contention that ‘Boring Is Optional'.

Annette's practice, Super Accountant, is focused on entrepreneurs and new business owners 'who want to be super successful'. She does very little of the day to day bookkeeping or accounting for her clients. This compliance work is instead undertaken by her staff. Annette's focus is much more on being the main client interface and helping them understand the numbers and how to grow their businesses.

Annette's podcasts and videos are as much for her existing clients as for new ones. Existing c…

The Song of a Lovesick Accountant

How account your loss of interest?
How to analyse your manner strange?
Tell me truly of my errors:
Narrate the reasons for this change. Your company and loving presence
I value over all else on earth.
If some goodwill can now be shown
I venture we’ll see love’s rebirth. Reconciliation swift I now am seeking:
This current impasse leaves me tense.
Do not discount my urgent pleading:
Do not keep me in suspense.

- Dennis Flynn