that capitalism ultimately like everybody's got ego problems, but ultimately the boss has to look at an accounting sheet and say this isn't working. So I'm going to have to swallow my pride or go out of business. Right?In government it's not like that. The worse they do the better off they are.
We can finally take a breather and relax because he's going to be all right. Accounting jobs are super safe, he's just going to keep working, he's going to get his CPA, he's going to start a family, he'sgoing to have a very, very normal, stable life.
And do you want to supersize it? Accounting Standards Boards don't say anything about that.
So you've got a lot more bankruptcies. Accounting doesn't require that the fees be disclosed.
Then a handful of other human arithmetic problems started to be replaced by machine arithmetic. Accounting -- accountants used to spend their time adding.You look at what the accounting curriculum in the 1940s and 1950s was, classic homework problem was to open the white pages of the phone-book
now that you know what I'm looking for who do you think I should talk to and that of course turns out oh Bob in accounting or Jane in sales or you know Sally the procurement you got to talk to her you know so I end up getting more ofmy interviews that way um but yeah so the the the process the research of course I I typically read all the other
So let me start off by explaining the way I see the difference between accountants look at the world and how finance looks at the world. Accounting is backward-looking-- nothing bad about that.So nothing I say should be viewed as bad.
Like most tech companies, a large expense is stock-based compensation. Accounting rules require you to expense that as if it were cash, but it is a non-cash charge.So Google, like a lot of tech companies, analysts, they report earnings excluding the stock-based comp.
Because they also realizing of sort of day in and day out economic advantages as a result of this. Wacoal has been able to go. They were able to take 34 legacy accounting systems and unify them without going back and reworking the code. They were able to standardize everything on Oracle all they had to do is to add. The truth is thatI wish I could remember off the top of my head in this specific savings but they really have been astounding. The truly incredible thing as far as I'm concerned is that one
easy part of her job. The hard part was managing some dude's life. Right. So accounting should go away. But what you're saying is there's actually more accountants this year than there was last year because accountants, the smart
So when I started to, like, I first started my own business and then had my own company, I picked up some of those habits of being directive toward people. but accounting is a language in the way that music is a language.
I remember this buyer-- she smelled the pod and she said, we're going to have to launch this. Or accounting -- an area we just don't have familiarity with.
Nike had commissioned Ernst & Young to prepare. The accounting firm had, in fact, been auditing Nike factories in Indonesia since 1994, but Knight had managed to keep these less forgiving assessments quiet up until the November 1997 leak of an Ernst & Young report recommending improvements to a factory just north of Ho Chi Minh City in Vietnam.
So I always tell people if you save it for later if you can't finish it it will last in the fridge or the freezer. the accounting . Are we actually making a profit right now?
Slaves are going to revolt everywhere. without accounting for the decades of global corruption that was specifically pointed toward Haiti.
The accounting job was a Friday afternoon job where once a week I would sit there and do the history museum on campus accounting .
Your accounting people do that.
And accounting fraud is still a big problem.
completion accounting , which is just-- I'm not a math whiz like you guys, but I know enough with a four function calculator that you can't have over 100%
innovation accounting . Then, teams will pivot just fine. Nothing wrong with Googlers. It's a management problem.
from like an accounting firm or a software company that can be located in anywhere.
That's not accounting . And there is a push now to create actual accounting where you follow the molecules through the economy,
You work with the accounting firms, law firms, civil society.
What's natural capital accounting ?
But even accounting for that, there are 125 grapes in commercial distribution,
If you deal with accounting data and so on, that's where AI is much better than we.
But even accounting for those factors, simply being outside was a mood booster.
Simu Liu did accounting .
Now, you also wrote about how you started off pursuing the kind of career that your parents laid out for you, going to a good business school and landing a job at an accounting firm. How did you-- can you tell us a little bit about how you made the transition from the path that your parents laid out to acting, which
The largest in the world, actually. And I was doing accounting . I was not doing consulting.
We hired an external accounting firm Since we had no internal person I sent out all the invoices
Help wanted general-- accounting , advertising, automotive, banking, brake alignment, bookkeeping, candy making, cookie thing, dance instructor,
And when national income accounting , accounting GDP, was invented in the 1930s, 1940s, these were the types of assets which people measured
They knew everything about accounting , all the rest.
One was an accounting job.
me was accounting . So I got an accounting degree as an undergraduate.
And the accounting doesn't set up an asset to represent the venture cap type investment that they're making.
That way our accounting system will work when we come back at the end.
And after some accounting classes, my eyes would glaze over in the back of my head, like, I just can't do this.
I did the accounting and the finance, the hiring, human resources.
It was on accounting and finance, and I read this horrible book.
writing and and uh accounting systems um uh and slightly more sophisticated
languages irrigation engineering and accounting amongst them and before long his master
touche doing accounting and and finance actually and we've done that tendo we've done that I
It's very popular accounting software.
or their accounting firm, Deloitte, or whatever.
And that creative accounting led them in, and then everyone lent to them, thinking now that you had the euro, everyone was the same,
for a digital accounting system, a digital payments mechanism that would penalize both surpluses and deficits and redistribute surpluses in order
Probably not accounting for the difference in population size.
And we need GAAP accounting just like motorists need traffic lights.