Accounting Quote by Eliyahu M. Goldratt Download Open image “Cost Accounting is enemy number one of productivity.” — Eliyahu M. Goldratt ★ ★ ★ ★ ★ 2.8 out of 5 (7 ratings) Copy quoteShare Accounting Cost Enemy Numbers Productivity
“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 Copy Share Image
Accounting is a big subject and there are huge forces in play. The entire momentum of existing thinking and existing custom is in a… — Charlie Munger Copy Share Image
Productivity = creating value and delivering it to people. All other busywork is unproductive fluff and should be minimized. — Steve Pavlina Copy Share Image
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 Copy Share Image
We have the most crude accounting tools. It's tragic because our accounts and our national arithmetic doesn't tell us the things that we need… — Susan George Copy Share Image
Balance Sheets are meaningless. Our accounting systems are still based on the assumption that 80% of costs are manual labor. — Peter Drucker Copy Share Image
Managers and investors alike must understand that accounting numbers are the beginning, not the end, of business valuation. — Warren Buffett Copy Share Image
“IT metrics have to evolve from being a cost center to becoming a revenue generator.” — Pearl Zhu Copy Share Image
“Productivity has to be defined as benefit divided by cost. The benefit is observed dollar savings and revenue from the work performed, and cost… — Tom DeMarco Copy Share Image
There is always something for which there is no accounting. Take, for example, the whole world. — Leonard Michaels Copy Share Image
People don't pay attention. And then one day there's an accounting. And after that, nothing is the same. — Cormac McCarthy Copy Share Image
“If economics were only about profit maximization, it would be just another name for business administration. It is a social discipline, and society has… — Dani Rodrik Copy Share Image
“More importantly, our software worked. I don't just mean that it didn't bump, or that it performed according to the written specifications, or that… — Eliyahu M. Goldratt Copy Share Image
“They’re measurements which express the goal of making money perfectly well, but which also permit you to develop operational rules for running your plant,”… — Eliyahu M. Goldratt Copy Share Image
“The entire bottleneck concept is not geared to decrease operating expense, it’s focused on increasing throughput.” — Eliyahu M. Goldratt Copy Share Image
“I write down the three measurements which Lou and I agreed are central to knowing if the company is making money: net profit, ROI… — Eliyahu M. Goldratt Copy Share Image
“Operational expense,” he says. “Operational expense is all the money the system spends in order to turn inventory into throughput.” — Eliyahu M. Goldratt Copy Share Image
“any doubt what goes on. I’m puzzling over how to do this when” — Eliyahu M. Goldratt Copy Share Image
If you don't manufacture a quality product all you've got at the end is a bunch of expensive mistakes. — Eliyahu M. Goldratt Copy Share Image
Why not make the work easier and more interesting so that people do not have to sweat? The Toyota style is not to create… — Eliyahu M. Goldratt Copy Share Image
The goal is not to improve one measurement in isolation. The goal is to reduce operational expenses AND reduce inventories and increase throughput simultaneously. — Eliyahu M. Goldratt Copy Share Image
“What we know now,” I tell him, “is that we shouldn’t be looking at each local area and trying to trim it. We should… — Eliyahu M. Goldratt Copy Share Image
“What you’re saying is that making an employee work and profiting from that work are two different things.” — Eliyahu M. Goldratt Copy Share Image
I say an hour lost at a bottleneck is an hour out of the entire system. I say an hour saved at a non-bottleneck… — Eliyahu M. Goldratt Copy Share Image
We do not know enough about how the present will lead into the future. We shall never be able to say, "Ha! My perception,… — Gregory Bateson Copy Share Image
“Outer happiness has Diminishing Marginal Utility; the more it grows, the satisfaction decreases. Resort to inner happiness.” — Vikrmn: CA Vikram Verma Copy Share Image
Regulations for international accounting and funding will have to be examined to identify policies that inadvertently discourage institutional investors from putting their resources into… — Jose Angel Gurria Copy Share Image
There is no business like show business. There is also no business like certified public accounting, but that doesn't rhyme as well. — Craig Shaw Gardner Copy Share Image
“With great goals, comes the high costs; both fixed and variable. Time is the fixed cost; efforts, variable. Spend passionately.” — Vikrmn: CA Vikram Verma Copy Share Image
The reaction of weak management to weak operations is often weak accounting. — Warren Buffett Copy Share Image
“Financial statements are my novels, I am a Chartered Accountant.” — Vikrmn: CA Vikram Verma Copy Share Image
The religious hypothesis, therefore, must be considered only as a particular method of accounting for the visible phenomena of the universe: but no just… — David Hume Copy Share Image
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 Copy Share Image
By their victory, the 3rd, 4th and 5th Marine Divisions and other units of the Fifth Amphibious Corps have made an accounting to their… — Chester W. Nimitz Copy Share Image
“Invest in self-improvement, be it for learning, be it for earning.” — Vikrmn: CA Vikram Verma Copy Share Image
“In the race to scale a startup, overlooking financial planning is like to building a skyscraper on shaky ground. True growth stems from decisions… — Jason Hishmeh Copy Share Image
