#accounting

Mark-to-market accounting is like crack. Don't do it. ↗

— Andrew Fastow

#crack #like

The Macau casinos have a wonderful business, it's taking in money from Chinese businessmen elsewhere who send it through junky companies to casinos to gamble. The growth continues and they have basically western managers and western accounting, so we trust the numbers a little bit more. ↗

— James Chanos

#basically #bit #business #businessmen #casinos

I loved getting my M. B. A., and I really enjoyed being an accountant and financial analyst before I quit my day job twenty-five years ago to write full time. I just liked writing more…plus, I knew even then that as a full-time writer, I'd get plenty of chances to do business-type stuff, while as an accountant, I probably wouldn't get a lot of opportunities to write about dragons. ↗

— Patricia C. Wrede

#business #dragons #writing #business

In the long run managements stressing accounting appearance over economic substance usually achieve little of either. ↗

— Warren Buffett

#business #economic #principals #business

While expanding market access for American industry, financial markets and farmers is critical, I believe it needs to be done responsibly, accounting for the treatment and protection of workers and the environment. ↗

— Mark Udall

#accounting #american #believe #critical #done