Probably the best advice I ever got in my life was from the head of the accounting department, Mr. Hutchinson, I believe at the Glidden Company in Chicago, and he told me, 'You really aren't cut out for accounting.'
My father told me when I went to college that I needed to take an accounting class. I enrolled and went the first day. I didn't understand a thing that was being said and dropped the class. I really regret that decision. I should have stuck it out and learned the basics of accounting, but I took the easy way out.
You have to understand accounting and you have to understand the nuances of accounting. It's the language of business and it's an imperfect language, but unless you are willing to put in the effort to learn accounting - how to read and interpret financial statements - you really shouldn't select stocks yourself
I got fired from a job years ago. It was an accounting job. They were basically trying to cut corners, so they employed a bunch of temps to do proper accounting. And it just caused absolute bedlam and I did get fired.
Don't ever let your business get ahead of the financial side of your business. Accounting, accounting, accounting. Know your numbers.
I studied finance and accounting in college, and I worked at a massive accounting firm out of graduation.
A record company used to be a very good thing, but they ended up soul-destroyingly trapping people in the accounting department. And you couldn't get any further, and the heads of each department were changing all the time, so you couldn't have any permanent relationship within the corporation.
I have some classes in accounting, but I don't know anything about accounting. I - you know, when my accountant tells me all the things he does, it's a foreign language to me.
Aggressive accounting does not mean illegal accounting.
The best advice I got really had nothing to do with singing; it came from my brother, who always told me to stick to my guns and to believe in myself. I think Duane saw my talents and believed in me long before I ever did, and that meant the world to me.
Proper accounting is like engineering. You need a margin of safety. Thank God we don't design bridges and airplanes the way we do accounting.
I would argue that a majority of the horrors we face would not have happened if the accounting profession developed and enforced better accounting.
Accounting does not make corporate earnings or balance sheets more volatile. Accounting just increases the transparency of volatility in earnings.
I suppose the best advice I ever got, frankly the advice that changed my life, came from my uncle who told me to go to drama school and study acting instead of taking a job, because he said the job would always be there.
You can't make a manager have a coach he doesn't want. I can't make the head of the accounting department work with someone he doesn't want.
When I asked him -Mr.Henry Ford- if he ever worried, he replied: "No. I believe God is managing affairs and that He doesn't need any advice from me. With God in charge, I believe that every-thing will work out for the best in the end. So what is there to worry about?
Companies figured out that the easiest way to make money was to reissue records that the accounting department had paid for years ago and already made a profit.