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A touch of reality with some humour

  1. arthur

    7,397 posts.
    How many companies would this apply to now in Australia,

    You could start at A .

    Just reading reports and came across this one from K Neilson M.D of PMC, by the way his reports to shareholders are well worth reading as it gives you some insight as to where some of the smart money is going

    Can be read at ASX announcements for PMC


    In truth it is no laughing matter but, following last quarter's
    comments on accounting nonsense, we were taken by the following
    "Nasdaq Accounting Definitions" from the internet:

    EBITDA - Earnings Before I Tricked the Dumb Auditor
    EBIT - Earnings Before Irregularities and Tampering
    CEO - Chief Embezzlement Officer
    CFO - Corporate Fraud Officer
    EPS - Eventual Prison Sentence

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