d by dy

If you get warm and fuzzy after reconciling a statement of cash flow with the income statement, you know you are destined to be an accounting professor.

My accounting professor has taught statement of cash flows problems for almost 40 years.  He still gets warm feelings when the net cash flow works out.

Other goodies from class:

1. CIMITYM—cash is more important than your mom.  This is what he teaches corporate executives that pay more than $60k for a crash course in business at Stanford.

2. When you throw away the doughnut, you throw away the hole.  When you sell something, you lose the depreciation.

3. There is only one joke in accounting.  It is the answer to the question what are the only numbers on a balance sheet that have no uncertainty?

Feed for this entry. Leave a response, or trackback from your own site.