Well, yes, I suppose it would

james g says:
August 5 2016 at 7:21 am
Is there a difference between accounting and economics? And if so, how does using accounting limit an understanding of economics?

Reply
Richard Murphy says:
August 5 2016 at 11:18 am
It can severely limit it

Understanding both is a massive advantage

13 thoughts on “Well, yes, I suppose it would”

  1. The Meissen Bison

    But understanding neither is apparently no obstacle to expatiating endlessly about either or both.

  2. Understanding both is a massive advantage

    He’s only guessing at that, you know.

    Actually, given Ritchie’s self-proclaimed mission in life, having a working knowledge of either would be a significant disadvantage.

  3. The correct answers:

    Is there a difference between accounting and economics?

    Given your question, I’d have to suspect that both are probably well beyond your comprehension, so no, there really isn’t any difference…

    …how does using accounting limit an understanding of economics?

    If you actually understand accounting, that understanding just might limit your misunderstanding of economics. Understanding accounting will not limit your understanding of economics… misunderstanding it certainly will. (Exhibit One: Richard Murphy).

  4. “Understanding accounting”

    That is no longer possible.

    The ivory tower dwellers well and truly rule here.

    There are, for certain accounting periods, currently six ways of showing a true and fair view.

    Three line accounts? Oh yes…

  5. Bloke in Costa Rica

    Is there a difference between accounting and economics? That’s like asking whether there’s a difference between painting and playing the piano. It’s too stupid a question to be taken seriously. Of course Murphy uses it to flatter himself.

  6. You would think with his insightful genius he would have a prominent position with the accounting standards boards. He certainly thinks they are broken so you would think as a member of one of the professional organisations responsible for them he would be working within the framework of that professional body to effect change

  7. That is no longer possible.

    Bah.

    I understand it, and there are any number of folks who frequent this site who will happily vouch for my less than stellar intellect. The skinny? If I can understand it, just about anyone who be a wee bit smarter than Ritchie can get it with a bit of work.

    You don’t become a CPA (or a CA) because the idea of doing brain surgery for a living sounds impossibly dull…

  8. You would think with his insightful genius he would have a prominent position with the accounting standards boards. He certainly thinks they are broken so you would think as a member of one of the professional organisations responsible for them he would be working within the framework of that professional body to effect change

    You, sir, are a card.

  9. BiCR: Is there a difference between accounting and economics? […] It’s too stupid a question to be taken seriously.

    I tend to think that that may have been the intention. The questioner, james g, may have been “doing a McGonagall”.

  10. Bloke in Costa Rica

    Well there’s always a Poe’s Law proviso with any of the comments on Murphy’s blog. I mean, you’d think Carol Wilcox was an obvious troll, but apparently the cunt’s serious.

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