Wednesday, November 01, 2006

Beavis & Butt-Head, CPAs?

I sometimes loan books to my neighbor the accountant.  Recently, he returned a book with a handwritten note tucked inside.  Upon showing it to him, he claimed to have never seen it before, which seemed odd,  but he is such a dry, withdrawn fellow, that I am inclined to believe him.

Accounting Jargon that Sounds Dirty:

Advances
Asset
Double Entry
GAAP
Hedged Position
Kicker
Maturity Date
Naked Position
Nonpassive Activity
Opportunity Cost
Performance Bond
Personal Articles Floater
Spread
Straddle
Vertical Integration
Winding Up
Wraparound
Yield to Maturity


Your obedient servant,
B. Freret

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