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The art of being an accountant

The art of being an accountant

Frotingham error

Time is money.

Parkinson's second law

Costs increase by the amount of income.

Parkinson's law to postpone a case

Carrying over is the worst form of rejection.

Taxil's first estate

Industry always strives to fill the economic vacuum.

Gray's Law of Planning

When scheduling, the tacit expectation is that the execution of "n + 1" simple tasks will take exactly the same amount of time as the execution of "n" tasks of this type.

Logg's denial of Gray's Law

It takes twice as long to complete simple "n + 1" tasks than simple "n" tasks.

Weinberg's first law

Progress is made every Friday (after Thursday rain).

Order priority principle

The necessary equipment for yesterday's experiment must be ordered no later than tomorrow noon.

Cheops law

Nothing ever gets built on schedule or within budget.

Addition to the Epstein-Heisenberg principle

In research and development, only two of the existing three parameters can be determined simultaneously. These parameters are: job, time and resources ($).

1. If you know what the task is, and there is a time limit for its completion, you cannot determine its cost.

2. If time and resources are well defined, it is impossible to know how much of the research and development assignment will be carried out.

3. If the purpose of research and development and the exact amount of money required to complete an assignment are precisely defined, it cannot be predicted when the assignment can be completed or whether it can be completed at all.

If someone is lucky enough to pinpoint all three parameters, then they are not dealing with research and development.

Pareto's Law (80/20 Principle)

20% of buyers provide 80% of the turnover. 20% of the components of a product determine 80% of its value, etc.

O'Briens' principle (theory of the number $ 357.73)

Auditors always reject any expense report if the total of the report is divisible by five or ten.

Issawi's observations on paper consumption

Each system has its own way of consuming a huge amount of paper: in a socialist society this is achieved by filling out four copies of large certificates. In capitalism, this is done with huge posters and wrapping each item in four layers of cardboard.

Brown's Law of Commercial Success

The paper spent by the buyer is profit. The paper we used is a loss.

John's Corollary

To get a bank loan, you must first prove that you do not need it.

Brian's first law

At some point in the life cycle of any organization, its ability to thrive no matter what.

Polga's Law

In America, it's not the cost of the product that matters, but how much you saved on it.


Watch the video: What does an accountant do and why is it so important? (December 2020).