Introduction using Speaker’s livelihood – Accountants and CPA’s

Accountants and CPA’s

An accountant is looked upon primarily as a bookkeeper until he meets the legal requirements that designate him as a CPA. He then interprets the records the bookkeeper keeps. CPA’s came into their own just about the time vaudeville and its jugglers disappeared. Whether there was any relationship, we’ll never know, but we do know that no one can toss facts faster or make statistics sit up and do tricks better than these boys.

There is a truism to the effect that figures don’t lie, though they do push the truth around a bit, and accountants are adept at upholstering figures to satisfy Uncle Sam-as evidenced by fiscal artists who can convince the tax takers that “fun-in-the-sun safaris” are legitimate business expense. They employ statistics as a drunken man uses a lamp post for support rather than illumination.

Men in this profession must be able to see beyond the financial statement, and be capable of evaluating management; they must be students of economics and keep posted on the business outlook: which industries are forging forward, which ones are slipping, which companies are doing best within an industry-and why?

Even though statistics have taken to machines, there still are the personal touches that only a “pro” can handle a fact that assures us that old accountants never die-they only lose their balance.

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