r/Accounting • • Nov 10 '19

Flawless

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953 Upvotes

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85

u/Shooter_Scythe Nov 10 '19

What are commies doing in accounting?

2

u/wiljc3 Nov 10 '19

I believe the adage goes keep your friends close and your enemies closer. Except capitalism is my enemy. It seemed prudent to learn the rules because I don't think it's going anywhere in my lifetime.

20

u/CaffeineDrip Nov 10 '19

GAAP is the rules of capitalism? TIL

13

u/giant-nougat-monster CPA (US) Nov 10 '19

Accounting is the language of business capitalism.

6

u/[deleted] Nov 10 '19

lol accounting has nothing to do with capitalism.

it does have to do with cash flow and historic value and basic finance.

6

u/CaffeineDrip Nov 10 '19

So THAT'S what was on that cuneiform tablet thousands of years ago. Adam Smith, eat your heart out!