Showing posts with label Accounting. Show all posts
Showing posts with label Accounting. Show all posts

Thursday, September 18, 2008

Tighter Accounting

Managers thinking about accounting issues should never forget one of Abraham Lincoln's favorite riddles: "How many legs does a dog have if you call his tail a leg?" The answer: "Four, because
calling a tail a leg does not make it a leg."

[Berkshire Hathaway's 1992 Annual Report]