I have elected free cash flow (FCF) as the most ludicrous of all cash flows. Free cash flow…

I have selected discounted cash flows (DCF) as the most confusing cash flow because there are four of…

In my day, and I’ve been retired for a while, traditional planning consisted of a strategic plan sometimes…

A few accountants have started to introduce ‘unwind’ as accounting jargon in annual reports. And they are being…

Ever since EBIT was invented accountants have been adding letters to it in a supposed effort to refine…

Have you noticed how accountants like the expression ‘write it’. They first took the word ‘down’ and tagged…

I would like to share this beautiful sentence I found in the Annual Report of the Department of…

Accountants are getting bored with increase and their derivatives: higher, improved, growth and their opposites: decrease, lower, declined…

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…