atans1

Why PM had three accountants on his pay review committee?

In Accounting, Financial competency, Wit on 19/01/2012 at 5:39 am

There were three trained and highly experienced accountants (the chairman included) on the eight person ministerial salary review committee, the most from any single profession.

Maybe the reason is that accountants can do magic with numbers? At least that is how it appears to us “lesser mortals”?

Example: The accounting profession can make a sum of money appear as US$4bn for the co that is paying out the sum and as US$6bn for the company receiving it.

http://dealbook.nytimes.com/2011/12/20/att-and-t-mobile-whats-2-billion-among-friends/?nl=business&emc=dlbkpma22

And there is the old joke that the best accountant is one that will ask you, “What answer do you want?” when you ask him, “What isĀ 2+2″?

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