Are You An Accounting Nerd?
Are You An Accounting Nerd?
By William Brighenti
There are varying degrees of accounting nerdiness. Some accounting nerds live normal lives, marry and, according to Kinsley, even propagate. Some never marry since everyone they ever dated lapsed into comas, never to be heard from again. Others are complete introverts and should never have left the convent or monastery. (The Father of Accounting, Luca Pacioli, was a monk. He never left the monastery. Hence, he was also the Father of Accounting Nerdiness.)
Do you know how much of an accounting nerd you are? Like most accounting nerds, you probably suffer from the mistaken belief that you are not an accounting nerd at all. However, unless the confidence interval of your belief of not being an accounting nerd possesses an alpha significance value of less than 5%, then how can you be so sure that you are not a nerd after all? Let’s face facts: chances are you don’t have a clue about how nerdy you really are. And it’s totally irrelevant how you perceive yourself; rather, what is relevant is how all of your friends, associates, clients, and family members laugh hysterically and derisively about you behind your back, ridiculing you as the nerdiest geek they ever met. But they won’t ever tell you because that would ruin their enjoyment.
Perhaps it’s time for you to assess objectively your accounting nerdiness. Below are a series of questions designed to measure just how much of an accounting nerd you are. Please answer all of these questions truthfully.
1. Do you examine your sales receipt before you leave the register at a store, adding it up in your mind to verify its accuracy, even though twenty people are behind you waiting in line and the store is closing?
2. After you have examined your sales receipt while at the register of a store and added up every item on the receipt to ensure its accuracy, do you then tick and vouch each item on the receipt to the actual goods in your carriage?
3. When you go out to lunch with others, when the check arrives, do you whip out your calculator and tally up each individual’s share to the penny, including tip and tax?
4. When your spouse borrows money from you, do you
Charge her/him interest
Compound the interest daily
None of the above
5. Did your tax filing status influence the timing of your wedding date?
6. On your honeymoon, did you select a Caribbean resort offering a CPE course in order to deduct its cost?
7. On your office desk, do you have a picture of Spock from Star Trek?
8. Do you reconcile your personal savings account bank statement every month in QuickBooks, even though the only transaction is an interest posting?
9. Out in the field on audit assignments, when you discover a client error requiring an adjusting entry, do you scream “gotcha”, and dance around the table singing “We are the champions of the world”?
10. Do you eat lunch at your desk, dropping your food in your keyboard, and continue typing with ketchup and grease on your fingers?
If you answered no to all nine questions and selected 4c, you are not an accounting nerd; however, you probably will never pass the CPA exam and should change careers before you are fired.
If you answered no to all nine questions but selected 4b, you are not an accounting nerd but you would be advised never to marry.
If you answered yes to at least five questions, and did not select 4c, you are bi-nerd and could swing either way.
If you answered yes to all nine questions and selected 4b, you are a true accounting nerd destined to be a partner at a public accounting firm as long as you do not enter a religious order in order to avoid taxes on your wages and obtain a non-taxable living allowance.
We hope you found this article about “Are You An Accounting Nerd?” helpful. If you have questions or need expert tax or family office advice that’s refreshingly objective (we never sell investments), please contact us or visit our Family office page or our website at www.GROCO.com. Unfortunately, we no longer give advice to other tax professionals gratis.
To receive our free newsletter, contact us here.
Subscribe to our YouTube Channel for more updates.
Alan Olsen, is the Host of the American Dreams Show and the Managing Partner of GROCO.com. GROCO is a premier family office and tax advisory firm located in the San Francisco Bay area serving clients all over the world.
Alan L. Olsen, CPA, Wikipedia Bio
GROCO.com is a proud sponsor of The American Dreams Show.
The American Dreams show was the brainchild of Alan Olsen, CPA, MBA. It was originally created to fill a specific need; often inexperienced entrepreneurs lacked basic information about raising capital and how to successfully start a business.
Alan sincerely wanted to respond to the many requests from aspiring entrepreneurs asking for the information and introductions they needed. But he had to find a way to help in which his venture capital clients and friends would not mind.
The American Dreams show became the solution, first as a radio show and now with YouTube videos as well. Always respectful of interview guest’s time, he’s able to give access to individuals information and inspiration previously inaccessible to the first-time entrepreneurs who need it most.
They can listen to venture capitalists and successful business people explain first-hand, how they got to where they are, how to start a company, how to overcome challenges, how they see the future evolving, opportunities, work-life balance and so much more..
American Dreams discusses many topics from some of the world’s most successful individuals about their secrets to life’s success. Topics from guest have included:
Creating purpose in life / Building a foundation for their life / Solving problems / Finding fulfillment through philanthropy and service / Becoming self-reliant / Enhancing effective leadership / Balancing family and work…
MyPaths.com (Also sponsored by GROCO) provides free access to content and world-class entrepreneurs, influencers and thought leaders’ personal success stories. To help you find your path in life to true, sustainable success & happiness. It’s mission statement:
In an increasingly complex and difficult world, we hope to help you find your personal path in life and build a strong foundation by learning how others found success and happiness. True and sustainable success and happiness are different for each one of us but possible, often despite significant challenges.
Our mission at MyPaths.com is to provide resources and firsthand accounts of how others found their paths in life, so you can do the same.
Seven Keys to More Happiness
Seven Keys to More Happiness We all want to be happy, but what is happiness and how do we become happier? Happiness is not a destination, but rather a way of being. Author Margaret Lee Runbeck described it this way: “Happiness is not a station you arrive at, but a manner of traveling.” Many people…
A Look at the Evolution of Online Education
A Look at the Evolution of Online Education Like almost every other industry, the education industry has experienced a lot of change in the last two decades. Just as the Internet has influenced everything else, it has also had a great affect on education. Twenty-five years ago if you wanted to earn a college degree…
What is the Purpose of Your Business?
What is the Purpose of Your Business? Profit is the result of what a business does, but it is not the purpose. Businesses spend an inordinate amount of time asking questions about how things are done. For example: How has this been done in the past? How have other businesses done this? These kinds of…