We all know how accounting plays an important role in business.
There can be no business without proper accounting.
It is the very backbone of any successful business endeavor.
In one of the accounting quotes, Warren Buffet beautifully quotes, ‘accounting is the business’s language.’
If you are currently studying or planning a career in accounting, our quotes about accounting will be of much help.
So keep reading our accounting quotes collection and see what successful business people have to say about accounting.
Best Accounting Quotes and Sayings
Creativity is great-but not in accounting.
– Charles Scott
Cost Accounting is enemy number one of productivity.
– Eliyahu M. Goldratt
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
Accounting is the language of business.
– 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
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
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
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
There’s no accounting for laws. Or the changes wrought by men and time.
– James Crumley
Accounting for the most part, remains a legalistic and traditional practice, almost immune to self-criticism by scientific methods.
– Kenneth E. Boulding
Aggressive accounting does not mean illegal accounting.
– Kenneth Lay
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
Life is like accounting, everything must be balanced.
– unknown
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
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
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
It sounds extraordinary, but it’s a fact that balance sheets can make fascinating reading.
– Mary Archer
Balanced budget requirements seem more likely to produce accounting ingenuity than genuinely balanced budgets.
– Thomas Sowell
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
Managers and investors alike must understand that accounting numbers are the beginning, not the end, of business valuation.
– Warren Buffett
Balance Sheets are meaningless. Our accounting systems are still based on the assumption that 80% of costs are manual labor.
– Peter Drucker
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 is no accounting for tastes.
– Ann Radcliffe
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
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