Friday, June 19, 2015

Five banker related acronyms for the 21st century

DEBITs - Desperate Executives Broken by Insider Trading

NERO - Naughty Executives' Regulatory Organisation

NABRO - Not Another Bloody Regulatory Organisation

MUMPIES - Middle-aged Upwardly Mobile Professionals

OPULANT - OverPaid UnderutiLised And Not Trying

BERNIEs - Banker Earning Ridiculous Notes In Eternity



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...