A Quote by Steve Odland
I don't mean to sugarcoat the figure on restatements, but I think it is positive - it shows a healthy system. The general impression of the public is that accounting rules are black and white. They are often anything but that, and in many instances the changes in earnings came after new interpretations by the chief accountant of the SEC.
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Accounting does not make corporate earnings or balance sheets more volatile. Accounting just increases the transparency of volatility in earnings.
The SEC does way more good than harm - the last thing I would do is get rid of the SEC...if accounting were thoroughly fixed, a lot of other sins would go away. We're paying a huge price for deterioration of accounting.
I was never a Certified Public Accountant... I just had a degree in accounting. The reason I was never a Certified Public Accountant was because it would require passing a test, which I would not have been able to do.
Accounting consequences do not influence our operating or capital-allocation decisions. When acquisition costs are similar, we much prefer to purchase $2 of earnings that is not reportable by us under standard accounting principles than to purchase $1 of earnings that is reportable.
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.
The American business man cannot consider his work done when he views the income balance in black at the end of an accounting period. It is necessary for him to trace the social incidence of the figures that appear in his statement and prove to the general public that his management has not only been profitable in the accounting sense but salutary in terms of popular benefits.
Be patient and gentle with yourself as you continue to learn new ways of eating and living. There is no need for hard-and-fast rules or white-knuckle determination. Keep leaning forward into the positive changes you are making, and then apply that same gentleness to your family and community.
Legalism insists on conformity to manmade religious rules and requirements, which are often unspoken but are nevertheless very real... There are far too many instances within Christendom where our traditions and rules are, in practice, more important than God's commands.
I've been on predominantly 'white' shows before, and I had also been on predominantly 'black' shows. I would complain that when I was on a white show, they would only hire me because there was a black character or they needed a black voice. But then I would be mad if they went and hired a white dude in my position.
Even before he came to power in 1997, Gordon Brown promised to change the accounts to parliament from simple litanies of cash in and cash out, to a more commercial system that took notice of the public property the departments were using. This system is known as resource accounting.
'Sholay' can be given so many interpretations. I have seen this film so many times since the time I was a kid that I think that there could be 50 lovely interpretations to this film. Different filmmakers can give it so many interpretations, as it's a lovely film.
There are regulators at the SEC and elsewhere who are really excited about the potential of the blockchain. They understand you can build a robust financial system - it would solve all your black swan problems. All kinds of mischief and games that are played in the current system become impossible in this system.
Many of the Kiwis appearing in powerful business circles around the world come from accounting backgrounds. Yet often people have preset ideas of how an accountant walks, talks, smells - although not in the business community. For me it is a career that offers a lot of variety and challenges and I love it.
Federal rules and regulations too often become seemingly insurmountable obstacles to simple changes that can have a positive impact.
My general impression about people like Steve Gould and Carl Sagan and so on is that when they disappear as individuals and are no longer appearing on the stage and they are no longer writing, that their lifetime of acknowledgement by the general reading public is not very long... There were many people in the 19th century who were equally famous people who gave working man's lectures, supporters of Darwin, we as scholars know their names but the general public never heard of them.
Each of us, helplessly and forever, contains the other - male in female, female in male, white in black, and black in white. We are part of each other. Many of my countrymen appear to find this fact exceedingly inconvenient and even unfair, and so, very often, do I. But none of us can do anything about it.
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