the difference between a good and a great accountant is that a great accountant will take the time to understand why they do what they do and make sure that they continue to do it well.
In the last few years, there have been many examples of great accounting firms that didn’t live up to the hype. So much so that I’ve started to question whether there are really any good accountants at all. This week in Accounting and Finance, I wrote about “the accounting equation in action.
What I’ve written about before is that the accountant equation provides a way to define the value of a person’s time and how that time is used. This is important especially when people want to take time out to accomplish a specific task. The equation says that the time spent by someone is worth less than the time spent by someone else.
For example, let’s say a person is a barber and a week passes from Friday to Sunday. On Wednesday, his time is worth $10, but he spends $10 that week. On Saturday, his time is worth $10, but he spends $10 that week. On Tuesday, his time is worth $10, but he spends $10 that week. On Thursday, his time is worth $10, but he spends $10 that week.
The basic idea behind the accounting equation is that people spend more time doing things that make them happier than the things that make them unhappy. This is sometimes called the “happy hours” model. We’ve seen examples of this model in other business types in our previous articles. Now for a business type that is more like a person, we see a great example in the world of accounting.
An accountant works by a formula: If you spend your time doing something that makes you happy, you are more likely to use that time more than if you spend it doing something that makes you unhappy. We call this the happy hours model, and it has been used in the accounting field for a long time. For example, most accountants spend most of their time in the office, but when they go home they do all kinds of things that make them happy.
This is a great example of the happy hours model, because it takes into account the fact that we live in a society that is so much more time-shifting than a typical office. It also accounts for the fact that a lot of businesses tend to run on the clock, which is why we like to spend our time doing things that make us happy. I’m not saying that happy hours don’t exist, and they do, but the key word here is “tend to.
In accounting, when you take your time at your own work, you tend to take money for it. When you see your boss at a happy hour, you tend to give him the same amount of money for an hour that you do at your own work. People who do this tend to be rich people, and I would suggest that most people who do this have a great time doing it.