Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: rbg81
I have lots of respect for the profession, especially my accountant

A major misconception is that accountants are mathematicians. We use very basic math. The only algebra we need to know is Assets minus liabilities = equity.

I tutored accounting to help put myself through college. I found that many that were good at math were not good at accounting.

I believe that accounting is really a specialized language. Its purpose is to tell a story about where the business is at the end of the year and how it got there. This cannot always be expressed with math equations.

Taxes is different. Most tax accountants are very sequential thinkers and do not make good financial accountants.

249 posted on 07/29/2012 10:45:34 AM PDT by Raycpa
[ Post Reply | Private Reply | To 48 | View Replies ]


To: Raycpa

Taxes is different. Most tax accountants are very sequential thinkers and do not make good financial accountants.


Funny you should say that too. I am computer scientist, but I get a real kick out of doing my taxes. Go figure.


269 posted on 07/29/2012 12:00:57 PM PDT by rbg81
[ Post Reply | Private Reply | To 249 | View Replies ]

To: Raycpa

That is I get a kick out of doing my taxes...not paying them.


271 posted on 07/29/2012 12:01:54 PM PDT by rbg81
[ Post Reply | Private Reply | To 249 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson