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THE DEWY BLOG

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Baby's First Audit

Is your child learning what they need to to survive in this corporate hellscape? No? Well, then we are here to help!



A is for Asset, it's a thing that you own!


B is for Bookkeeper, your best friend.


C is for Cash, that green stuff everyone is always going on about.


D is for Depreciation, when stuff gets old.


E is for Equity, which is how much of an item you actually own.


F is for Fungible, when it isn't really important that that item specifically makes it to you.


G is for Goods, assets that are sold!


H is for Holdings, a separate company that just owns other companies.


I is for Incorporation, when your group graduates to a proper business!


J is for Journal Entries, a bookkeeper's best friend!


K is for Kickback, which they don't want you to find but it is your job to.


L is for Liability, when something is someone's fault.


M is for Margin, how much it will be for just the next one.


N is for Negligence, when something that should have been done better hurts someone.


O is for Operating, which is the company that actually does the thing they say they do.


P is for Payable, something you need to pay or get paid on.


Q is for Quantitative/Qualitative and knowing the difference between the two.


R is for Revenue, what you have coming in.


S is for Stock, which is how you own a company.


T is for Transaction, when something happens.


U is for Understating, something to catch when people get greedy.

V is for Vendors, who sell you things!


W is for Widget, what we call imaginary goods when it doesn't really matter what they are.


X is for X^2 (chi-squared) Test, which is statistical gobbledygook.

Y is for Year End, a very busy time!


Z is for Zero, which is how much this company cares about you.


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Dedicated to M.R., who assisted with coming up with the terms that are used.

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