Accounting fun: If Santa was an accountant.....

Friday, December 16, 2022

If Santa was an accountant...

...he would report true and fair (naughty and nice)
...he would collect receipts for subsistence from the secret 'other' Santas who service other countries
...all of the kids clothes would be from "Baby GAAP"
...his helpers would work in a small room cranking out toys during 'present season' which gets longer every year.
...letters to Santa would be carried forward from prior year
...he'd probably moan about all the red tape he has to deal with
...his family still wouldn't have a clue what he does at work
...he would think about the mileage deduction for his reindeer drawn sleigh
...you'd only have to be 'materially' good to get 'substantially all' of your gifts
...most of the insignificant things on your wish list would be disregarded and "noted for next year"
...he would give you review comments on your christmas list
...he wouldn't get paid overtime but his elves would
...it wouldn't be called a gift list, it would be a request list and listed in order of importance.
...he'd have to follow those Hobby Loss Rules. Not much profit in the Santa business :-)
...he'd divide the world's children into assets and liabilities
... there would be 4 big Santas

This is a selection of the suggestions volunteered by users of twitter in response to an invitation to use the hashtag: #ifsantawasanaccountant

Accounting fun