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Everything you Need to Know About Accounting

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August 24, 2011 – Comments (2)

From the Financial Times:

"Earnings before interest, tax, depreciation and amortisation on a like-for-like basis before allowance for exceptional restructuring costs” is the answer to the question “what is the highest profit number we can present without attracting flat disbelief?”. 

http://www.ft.com/cms/s/0/dfe55458-ccb6-11e0-b923-00144feabdc0.html?ftcamp=rss#axzz1Vx7PMejr 

2 Comments – Post Your Own

#1) On August 24, 2011 at 10:36 AM, Mega (99.96) wrote:

I saw that yesterday and chuckled.

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#2) On August 24, 2011 at 11:16 AM, TMFAleph1 (94.93) wrote:

I read that excellent article. John Kay is a fantastic columnist.

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