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"Some of you may say, recording costs is not controlling it. In that case, I find accounting, even less useful (once I have arrived at approximate cash outflow)
by restalis 10y ago
"Some of you may say, recording costs is not controlling it. In that case, I find accounting, even less useful (once I have arrived at approximate cash outflow)."
Accounting is supposed to be a practice that contributes to your financial discipline, among others. Is financial discipline extraneous to you?
- bgilroy26 10y agoCorporations have to make good use of practically all of their money as a responsibility to their shareholders. People without major financial goals (or whose financial goals are predictable to be automated away in the case of the grandparent post's retirement) are free to run a surplus and do away with discipline as long as their behavior is regular.