Friday, April 29, 2016

Does an FD need to keep a close touch on everything?


A UK based Finance Director once reported that he had realised all was not well when he discovered that the company's BMW was actually in Madrid and being used by a prostitute.

Apparently this led to the FD's realisation that the company was not totally committed to traditional corporate governance.

No comments:

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...