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In reply to the discussion: Iran nuclear deal: Saudi Arabia warns it will strike out on its own [View all]happyslug
(14,779 posts)You may want to re read it, I tried to address the same issues, accounting. Accounting is an Art (they claim it is a Science, but if you ever looked at the GAAP, General Accepted Accounting Principals, you quickly see it is more an art then a science). I have an accounting under graduated degree so I can say that with confidence (I am NOT in the profession and thus can point out Accounting is less a Science then an Art).
I hold a BS in Accounting, a Bachelor of Science. BS are given for they sound better then a BA, Bachelor of Arts. The Difference between a BA and BS is how a profession wants to view itself, for the last 100 years Science has had a higher status then Arts, thus BS are preferred to BAs. There is no real Difference between a BA and a BS, but the BS has a higher status.
Having an Accounting Back ground lets me see accounting tricks when they pop up. The line that some of the Civil War Debts is outstanding is one of them. The Civil War debt is only outstanding if you play with the numbers to show some of those debts have not been paid off, one way is to apply revenue to later incurred debts, thus leaving the Civil War Debts "Unpaid". Remember the old saying "Figures don't lie, but Liars Figure". The same with accounting, people lie with numbers all the time, you have to be careful when people cite numbers to make sure the numbers are real.