Friday, November 25, 2022

An accountant learns the truth about game theory

There was an expert accountant who was well versed in game theory. 

He heard that his intelligent niece, who was five years old, always took a 50p piece, when a choice between a 50p piece and a pound coin was offered to her. 

He went to see his niece and offered her just such a choice. She took the 50p and said "Thank you Uncle". 

The accountant tried to explain to his niece "You must understand, a pound coin is twice as valuable as a 50p piece, so you should always choose the pound coin." 

The niece replied "Uncle, but then people will not offer me any money."

Friday, November 18, 2022

Matt Hancock to appear in new show: Accounting with the Stars

Politicians, actors and other 'selebs' have been queuing up in the hope of getting a steady job in accountancy via the latest talent show that producers hope will top the TV ratings. 

"I always had this secret dream that I might one day work in some area of financial management" said an excited MP, "but this TV show means that at last there is the chance that my dreams might come true…" she said as she practised her audition piece with her calculator and spreadsheet.

"Ever since I was a kid I used to practise accountancy in my bedroom…’ confessed a popular TV actor, whose identity we are protecting until his participation is confirmed. "I sent a few tables of some projected expenses into all the big firms, but even though they kept rejecting me, I always believed I had the financial acumen and auditing skills to make my dreams come true."

"This means the whole world to me" wept another 'seleb', after being told that she had been shortlisted for the show.  Decisions have yet to be made as to who will be the judges. 

Expectations are high that one judge will end up being accused of being too brutal with some of the accountancy hopefuls. 

Imagine if Matt Hancock MP was to take part and causing one of the judges to shout: "You call that deductible!" and forcing him to tear up his illegible receipts from some Australian gift shop. "Forget it Matt. You’ll never make it as an accountant; you’ll just be a laughing stock ex-MP for the rest of your life".

"Morton's Fork" - the rock and a hard place options for taxpayers

The expression "Morton's Fork" originates from a policy of tax collection. It was devised by John Morton, who was Lord Chancel...