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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.
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?
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.
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?!"
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.
Didn't you hear? Kyle was that shite at work, I heard he's now an outdoor accountant..
You know who you are Jeff from accounting, you know who you are.
with whom i am cheating on you, worry about him.
"Who's John?"
"Oh, he's from Accounting, don't worry about him"
A phrase used by broke gamma males in order to increase their ranking in the social hierarchy.
Yo can I get a bank account check on that kid right there.