To make fun of double-entry bookkeeping will bring on the fiercest ire [1] of many fellow accountants. Its…

CFO does not stand for Chief Financial Officer but Chief Fiddling Officer. The title has nothing to do…

Profit on its own does not exist in accounting. Accountants have so many different types of profit that…

Balance Sheet Companies are required to prepare a certain number of compulsory documents called financial statements. One of…

True and Fair In many counties in the world, auditors declare that financial statements give a true and…

Hiding R&D Having announced research and development expenses are expensed as incurred, pharmaceutical companies show capitalised research and…

CPA The first is CPA. Every accountant thinks they know what this stands for.  Certified Public Accountant in…