True. Though accounting in general is rocket science. You just need to look at the thickness of the accounting standards book [1]. As soon as you are looking at

True. Though accounting in general is rocket science. You just need to look at the thickness of the accounting standards book [1]. As soon as you are looking at a large group with several levels of consolidation spanning jurisdictions with different accounting standards and doing any operation that is non trivial, the accounting treatment becomes a minefield. Where I work we have a team dedicated at looking at thorny accounting issues. Outside of that team, I don’t think anyone in the organisation (including the financial reporting dept) can pretend to really understand everything. [1] http://a1.amlimg.com/ODhlOTU0NjZkODUxYWU1OTAwOWUwYjg3YmM0OGVjNzD_b5iZVWy-OTNzsQ7ap1DbaHR0cDovL21lZGlhLmFkc2ltZy5jb20vZDIzOTM4YTFkNDhkMDBmMWJlMWMzYWIwMjY5ODRkYjI5ODdkNDY3MzM5YmJmNGVhNzI0ZTZkYTU4ZmI2ZGUwYS5qcGd8fHx8fHwyOTV4NTI1fGh0dHA6Ly93d3cuYWR2ZXJ0cy5pZS9zdGF0aWMvaS93YXRlcm1hcmsucG5nfHx8.jpg http://a1.amlimg.com/ODhlOTU0NjZkODUxYWU1OTAwOWUwYjg3YmM0OGV...