I once had an accounting teacher say close is usually ok.
I bet the IRS would love that answer
No accounting for that one.
But humor aside, I think the outlandishly stupid wokeness of the Left is a direct consequence of numerable decades of race grievance pandering by those trying to make a living off of keeping people unhappier and angrier than they’d otherwise be.
To keep race grievance pimping up it cannot become stale, same old same old but like anything else will tend towards a more extreme form of itself. Given that it depends of affecting how people FEEL rather than what they know or think this makes it a manipulation that inexorably spawns irrational tyranny of feels that pretend to be thinks ... again, like so much of Left wing ideology. To keep out ahead of the curve means that eventually everything has to be against blacks because everything isn’t inherently black.
Thus the race grievance pimps have steadily pushed much that isn’t either black or white, including math skills now, to somehow now be white.
Did Booker T. Washington have an inkling that the race hustlers of his day would eventually subside into infantilism sufficient to produce crapola like this?
I am not a CPA, but I believe the accounting concept is called "materiality." Back when I was in B-school, prior to automated accounted systems (software), FASB (if recall correctly - brain synapsis firing for the first time in 40 years) defined "materiality." Again, if I recall correctly, materiality is difficult to pin down. I viewed it similar to valuating goodwill. I believe the motive, considering I have owned several businesses, is that the effort to get figures exact is not necessary if the amount is less than the effort to get them exact as long as it does not substantially impact decision making.
Consider trying to keep track of everything in a hand written ledger, when everything related to all customers and suppliers is also handwritten. Sometimes it isn't worth the effort to get the figures exactly correct. So close enough is good enough.
Sorry that I am dragging this out, but the motive was to be efficient in business operations. It came from a completely different place. It was about running a profitable business and wasting time on little amounts was inefficient. The "bottom line" did not change any analysis or decision making and any error was disclosed in financial statements. Making financial decisions is one of the goals of accounting and that ties into increasing shareholder wealth.
Compare that to businesses today with bloated HR departments, diversity departments, and all kinds of overhead that exists contrary to the the goal of making a profit. It also means less money going into the paychecks of employees that actually help make the profit. All of that is not material to anything, but is sure is accounted for today.
As for the posted article, there is nothing racist about mathematics, getting the right answer and making a profit. Isn't that the point of all of this. It is anti-capitalism. Profit is bad. Mathematics is required to make decisions relating to the profitability of businesses owned by individuals, opposed to government.
My external auditor has a different opinion.
And I’ve had teachers say that “close” is good only for horseshoes and Hand grenades.
That accounting teacher wasn’t one of my teachers.
I went to night classes at the local community college——got 4.0 in all my classes & it led to better jobs, and eventually led me to be self-employed.
Still have ONE client-—and I just prepared his 2020 data -——which is the 51st year I have done his bookkeeping.