1. Changing the books to hide shit.
2. Doing things and the wrong things at the last minute.
3. Hiding more shit and dunp it on someone else.
4. Combine all three by adding some hincky shit.
2. Doing things and the wrong things at the last minute.
3. Hiding more shit and dunp it on someone else.
4. Combine all three by adding some hincky shit.
1. Man, this client is so fucked and owes a shitton to other people. Time to do some midnight accounting.
2. Quick! The tax man is coming. You done with the midnight accounting?
2. Quick! The tax man is coming. You done with the midnight accounting?
by Biff Stephenson April 13, 2023
Similar to "tech debt", accounting debt is incurred when accounting departments take shortcuts either at the start of a companies life or during a busy period. These shortcuts then have to be "paid off" (i.e. corrected) by that same department or a third party at a later date. This phrase was coined by accountant Matthew R Williams, ACA in New York City on 23-Jun-22.
We could simply transfer the money now and sort out the loan agreements at a later date. We have to be conscious though that this would be adding to the departments existing accounting debt.
by Rob717 June 23, 2022
A series of shady, unconventional accounting practices Hollywood studios use to convert financial successes in the entertainment industry into financial losses. This is done to avoid paying taxes, royalties, and profit-sharing for a project.
"Hey Disney, this movie I starred in made over $1.3 billion at the box office. Why haven't I gotten any cut of revenue?"
"Oh, no one told you? That movie lost $23 million, we can't pay you anything."
"Hey, you were engaging in Hollywood Accounting, weren't you?!"
"Oh, no one told you? That movie lost $23 million, we can't pay you anything."
"Hey, you were engaging in Hollywood Accounting, weren't you?!"
by jojo_03 February 11, 2024
An accountant is usually an indoor type, therefore is not accustomed to the outdoor world. In times of crisis an accountant, when doing a shit job, will be banished to the outdoors to live amongst the wilder.
by baaailelleee January 26, 2024
Gaslighting employees into self motivating and over-achieving-because their successes are also my successes.-Eugene "Rocky" Madsen
Positive accountability removes the negative annotation of the word accountability in the sense that it it motivates based on reward and not consequences.
Positive accountability removes the negative annotation of the word accountability in the sense that it it motivates based on reward and not consequences.
The concept of Positive Accountability equates to gaslighting employees into self motivating and over-achieving-because their successes are also my successes.-Eugene "Rocky" Madsen
by qubic December 17, 2018