An interesting piece

An interesting piece on Seth Godin’s blog.

I’ve always been frightened by big-firm accounting. The sort of financial legerdemain in which skilled accountants work hard to make the numbers look the way the CEO wants, instead of making them clear. Cash accounting run on a simple bookkeeping system is the small way to do it… even if your company is huge. That’s because sooner or later, management has to know what’s actually happening as opposed to what they can pretend is happening.

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