Reply #8: Like 1990's Accounting Practices

[freesqueeze]

I remember taking an Accounting course in the arly-nineties. We were bored endlessly for almost an entire semester and then at the end of the course, the instructor put all his references away and started a lesson on real-life accounting practices.

One of the 'lessons' was when we were told that when your boss looks over your shoulder at some spreadsheet you're working on and asks what the bottom line will be (tax liability, depreciation expenses, etc...) the correct response is not 'let me work out all the numbers and give you the true and accurate figure' but 'what do you want it to be?'

Hopefully Enron and WorldCom has changed the approach in college accounting but this issue of 'working toward the answer desired' is all over the Shrub Administration like a bad rash.