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accounting lingo

Auditor alert!! what pains me- employees using accounting/auditing lingo outside of work - examples -
a) Oh, I don't know. Our bar tab was immaterial.
Not cool, not cool. Say cheap, say inexpensive, but not this.

2) Oh, I go to new york once every quarter.
How about - every three months, few months, once in a while.

3) There isn't much of a variance between the two movies
How about - difference?

4) "Let's vouch his bill to cash paid"
No no....how about..Make sure he paid???

5) Wanna go bowling? Yea, that appears reasonable.
Whatever happened to "okay"

6) can you sign off on that bill?

And please, for heaven's sake...lay off on the accounting inside - jokes. It's painful to hear, it really is.

I'm sure there are plenty of other auditing terminologies that I missed. Feel free to post them in the comments section.

Comments

Brennan said…
Hey,

I recently just started a blog about going through the UFE process (I'm Canadian)/what its like working at a small accounting firm. I didn't realize other people were doing similar things. Your site is great. I really enjoy how you've captured what it's really like working for an accounting firm. If you have a spare chance would you be able to check out my site? Maybe give me your opinion on it? I'm new to this whole game and I need as much constructive criticism as I can get.

Thanks,

Brennan (bdirenfeld@hotmail.com)
Adrienne said…
I absolutely love this entry!

Wait... can I use "entry"? ;)
Anonymous said…
One of my co-workers started using "admin" for any unnecessary effort....it's kind of sad how accounting makes it's way into our lives :(
Anonymous said…
Not related to the topic, but how long have you been in public accounting? What level are you at? And, if you can survive the war of attrition, pass the CPA exam, and can do the work, are promotion opportunities steady up to manager?
Krupo said…
I think my friends have an unwritten code to smack each other senseless if they ever try something that ridiculous.

:)
Anonymous said…
What about "Ready for lunch?"
Response: "Deemed Reasonable."

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