account— laws, rules, secrets. The best quotations and sayings with comments
Managers thinking about accounting issues should never forget one of Abraham Lincoln's favorite riddles:
“How many legs does a dog have if you call his tail a leg?”
The answer is: “Four, because calling a tail a leg does not make it a leg”.
A fully fledged economic downturn will cause nastier things to come out of the woodwork. The old market saying is: 'Recessions uncover what auditors do not.'