Notable quotes about accounting: Difference between revisions
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| text = “Accounting is the preparation and generation of information and the aggregation of that information in a way that’s useful in decision-making.”<ref>{{cite web |title=Learning to Use Financial Accounting Numbers Strategically |url=https://globalyouth.wharton.upenn.edu/articles/business/learning-to-use-financial-accounting-numbers-strategically/ |website=Wharton Global Youth Program |publisher=Wharton School, University of Pennsylvania |date=2014 |access-date=2025-12-30}}</ref>
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| text = “We think a lot about how to communicate financial information to our investors and lenders… We should think more about how we communicate it to our employees so that they understand it.”<ref>{{cite web |title=Employees Care About Organization Finances—but Do They Understand Them? |url=https://www.gsb.stanford.edu/insights/employees-care-about-organization-finances-do-they-understand-them |website=Stanford Graduate School of Business |publisher=Stanford University |date=2020 |access-date=2025-12-30}}</ref>
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| text = “To be good at your business, you have to know the numbers—cold.”<ref>{{cite book |author=Donald E. Kieso; Jerry J. Weygandt; Paul D. Kimmel |title=Financial Accounting |publisher=Wiley |edition=6th |date=2005 |pages=Preface
| author = Harold Geneen, former chairman of ITT Corporation {{Harold Geneen/attribution}}
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| text = “It’s wild that we are not teaching all of our middle schoolers and high schoolers how to manage household finance, understanding things like credit and interest and risk… You need to go in recognizing the house always wins on average… We must learn to speak the language of business.”<ref>{{cite web |title=Financial Literacy Starts Young |url=https://www.gsb.stanford.edu/insights/financial-literacy-starts-young |website=Stanford Graduate School of Business |publisher=Stanford University |date=2021 |access-date=2025-12-30}}</ref>
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| text = “The books cannot be closed unless the debits equal the credits; when the debit and credit have been separately summed, the two sums shall be equal.”<ref>{{cite book |author=Luca Pacioli |title=Paciolo on Accounting |translator=W. W. Cooper and Yuji Ijiri |publisher=Richard D. Irwin |date=1963 |pages=175
| author = Luca Pacioli, Renaissance mathematician and “father of accounting” {{Luca Pacioli/attribution}}
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| text = “Tell me how you will measure me, and I will tell you how I behave. If you measure me in an illogical way… do not complain about illogical behavior.”<ref>{{cite book |author=Eliyahu M. Goldratt |title=The Haystack Syndrome: Sifting Information Out of the Data Ocean |publisher=North River Press |date=1990 |pages=Chapter 8
| author = Eliyahu Goldratt, management theorist and author of the Theory of Constraints {{Eliyahu Goldratt/attribution}}
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| text = “Accounting does not make corporate earnings or balance sheets more volatile. Accounting just increases the transparency of volatility in earnings.”<ref>{{cite news |title=The End of Mark-to-Market Accounting? |url=https://www.theatlantic.com/business/archive/2008/09/the-end-of-mark-to-market-accounting/8790/ |work=The Atlantic |author=Megan McArdle |date=2008-09-30 |access-date=2025-12-30}}</ref>
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| text = “We must not let pressures to satisfy Wall Street expectations or unrealistic demands to deliver a certain quarterly earnings result lead us to compromise the quality of our accounting and financial reporting. We must adhere to the highest quality standards.”<ref>{{cite web |title=A Partnership for the Public Trust |url=https://www.sec.gov/news/speech/1998/1998-89 |website=U.S. Securities and Exchange Commission |publisher=SEC |date=1998-09-28 |access-date=2025-12-30}}</ref>
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| text = “History, common sense and experience tell us that at the heart of our markets are faith and trust in the honesty of corporate financial records. One who weakens that trust without good cause does no one a service.”<ref>{{cite web |title=A Partnership for the Public Trust |url=https://www.sec.gov/news/speech/1998/1998-89 |website=U.S. Securities and Exchange Commission |publisher=SEC |date=1998-09-28 |access-date=2025-12-30}}</ref>
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| text = “When any cunning man keeps two books, one with honest entries and the other with false, he hides the truth, and you cannot rely on it; therefore be careful to keep your books with truth and integrity.”<ref>{{cite book |author=Luca Pacioli |title=Paciolo on Accounting |translator=W. W. Cooper and Yuji Ijiri |publisher=Richard D. Irwin |date=1963 |pages=12
| author = Luca Pacioli, Renaissance mathematician and “father of accounting” {{Luca Pacioli/attribution}}
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| text = “When accounting practices are defined more by gimmickry than by their representation of underlying business conditions, public trust is jeopardized.”<ref>{{cite web |title=A Partnership for the Public Trust |url=https://www.sec.gov/news/speech/1998/1998-89 |website=U.S. Securities and Exchange Commission |publisher=SEC |date=1998-09-28 |access-date=2025-12-30}}</ref>
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| text = “We must guard the integrity of the process. In doing so we will strengthen investor confidence, achieve a higher quality of financial reporting and serve the best interests of our Nation.”<ref>{{cite web |title=A Partnership for the Public Trust |url=https://www.sec.gov/news/speech/1998/1998-89 |website=U.S. Securities and Exchange Commission |publisher=SEC |date=1998-09-28 |access-date=2025-12-30}}</ref>
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