Accounting Sayings and Quotes

It may not be the most glamorous gig, but taking stock of your business by running the numbers is necessary if you’d like to be successful. Below you’ll find a selection of insightful and humorous accounting quotes.

Don't ever let your business get ahead of the financial side of your business. Accounting, accounting, accounting. Know your numbers.     

Tilman J. Fertitta

Accounting does not make corporate earnings or balance sheets more volatile. Accounting just increases the transparency of volatility in earnings.     

Diane Garnick

You have to know accounting. It's the language of practical business life. It was a very useful thing to deliver to civilization. I've heard it came to civilization through Venice which of course was once the great commercial power in the Mediterranean. However, double entry bookkeeping was a hell of an invention.     

Charlie Munger

Legacy accounting: Will you have been an asset or a liability on the world's balance sheet?     

Ryan Lilly

You have to understand accounting and you have to understand the nuances of accounting. It's the language of business and it's an imperfect language, but unless you are willing to put in the effort to learn accounting - how to read and interpret financial statements - you really shouldn't select stocks yourself.     

Warren Buffett

The word accounting comes from the word accountability. If you are going to be rich, you need to be accountable for your money.     

Robert Kiyosaki

Balanced budget requirements seem more likely to produce accounting ingenuity than genuinely balanced budgets.     

Thomas Sowell

Proper accounting is like engineering. You need a margin of safety. Thank God we don't design bridges and airplanes the way we do accounting.     

Charlie Munger

There's no accounting for laws. Or the changes wrought by men and time.     

James Crumley

Aggressive accounting does not mean illegal accounting.     

Kenneth Lay

Accounting is a hot domain with the number of accounting majors up nationwide. I think the recent scandals have brought a new level of attention to the accounting profession as gatekeepers and custodians of social interest.     

Paul Browne

Life is like accounting, everything must be balanced.     


Accounting for the most part, remains a legalistic and traditional practice, almost immune to self-criticism by scientific methods.     

Kenneth E. Boulding

If you want an accounting of your worth, count your friends.     

Merry Browne

Mark-to-market accounting is like crack. Don't do it.     

Andrew Fastow

It sounds extraordinary, but it's a fact that balance sheets can make fascinating reading.     

Mary Archer

Creative accounting is an absolute curse to a civilization. One could argue that double-entry bookkeeping was one of history's great advances. Using accounting for fraud and folly is a disgrace. In a democracy, it often takes a scandal to trigger reform. Enron was the most obvious example of a business culture gone wrong in a long, long time.     

Charlie Munger

Creativity is great-but not in accounting.     

Charles Scott

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

Warren Buffett

In the corporate world, sometimes things aren`t exactly black and white when it comes to accounting procedures.     

George W. Bush

Accounting rules give financial institutions flexibility about when they choose to recognize venture capital profits.     

Alex Berenson

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

Gerhard Herzberg

Accounting is a big subject and there are huge forces in play. The entire momentum of existing thinking and existing custom is in a direction that allows terrible follies to happen, and the terrible follies have terrible consequences.     

Charlie Munger

Cost Accounting is enemy number one of productivity.     

Eliyahu M. Goldratt

Life as we know it, with all its ups and downs, will soon be over. We all will give an accounting to God of how we have lived.     

William Wilberforce

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

Peter Drucker

Accounting is the language of business.     

Warren Buffett

There is no accounting for tastes.     

Ann Radcliffe

There's no business like show business, but there are several businesses like accounting.     

David Letterman

Each generation makes it's own accounting to its children.     

Robert Kennedy