Accounting Quote by Diane Garnick

“People are accustomed to thinking of accounting as dry and boring, a necessary evil used primarily to prepare financial reports and survive audits, but…

— Eric Ries

I don't mean to sugarcoat the figure on restatements, but I think it is positive - it shows a healthy system. The general impression…

— Steve Odland

Balance Sheets are meaningless. Our accounting systems are still based on the assumption that 80% of costs are manual labor.

— Peter Drucker

Accounting consequences do not influence our operating or capital-allocation decisions. When acquisition costs are similar, we much prefer to purchase $2 of earnings that…

— Warren Buffett

Being captive to quarterly earnings isn't consistent with long-term value creation. This pressure and the short term focus of equity markets make it difficult…

— Charles Koch

Managers and investors alike must understand that accounting numbers are the beginning, not the end, of business valuation.

— Warren Buffett

Without market prices for capital goods, accounting is not possible. You don't know if you are making money or losing money, saving resources or…

— Llewellyn Rockwell

Focus on return on equity, not earnings per share.

— Warren Buffett

Earnings can change dramatically. Usually assets change slowly.

— Walter Schloss

The American business man cannot consider his work done when he views the income balance in black at the end of an accounting period.…

— Colby Mitchell Chester

Aggressive accounting does not mean illegal accounting.

— Kenneth Lay

There is nothing wrong with good accounting, except that it does not necessarily lead to good science.

— Gerhard Herzberg