Monday, January 05, 2009

What is a budget?

Not the Chancellor's annual headline grabbing non-event but the sort of budget that accountants encourage their clients to prepare and update:

A budget is a means of worrying before we spend, as well as afterwards.

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A dozen laws of accountancy that weren't covered in your studies

Trial balances don’t. (Not always, anyway) Working capital does not. (Work, that is) Liquidity tends to run out. (Faster than you thin...