Member Since: 14th May 2002
15th Jan 2020
I'm in total agreement here - perhaps because I'm of a similar age. I used to use the source and application of funds statement to explain accounts to my (SME) clients and they generally understood what I was getting at. The only interest in the 'profit' is because it determines how much tax there will be. What my clients ask is "if you say I've made this profit, where's the cash? "
23rd Sep 2015
Under these criteria, could we not apply to have Accountancy recognised as a sport?
30th Jan 2013
It's about time the Cameroons grew up and got into the real world. The Conservatives used to be the party of low taxation because they knew that this incentivised citizens to pay their tax. If you lower taxation, you get more money. If you increase taxes, the rich, who contribute the most, disappear. The "New Labour" Conservatives seem to have forgotten this - probably because none of them has ever had a proper job.
21st Oct 2011
This article is so full of incomprehensible jargon that I've given up. Perhaps this is why us technologically challenged accountants are lagging so far behind.