You can't raffle off a dead donkey!
"Creative Accounting" you said? Not necessarily a bad thing. People using the Activity Based Costing method can use their creativity to improve costs control and decision making. But if you can't tell that a creative accounting technique breaks the law you can still judge if it right or wrong. Some techniques are just dodgy. Here is a joke that captures theintricacies of the issue:
A city boy, Kenny, moved to the country and bought a donkey from an old farmer for $100.00. The farmer agreed to deliver the donkey the next day.The next day the farmer drove up and said, "Sorry son, but I have some bad news, the donkey died." Kenny replied, "Well then, just give me my money back."The farmer said, "Can't do that. I went and spent it already."Kenny said, "OK then, just unload the donkey."The farmer asked, "What ya gonna do with him?" "I'm going to raffle him off.""You can't raffle off a dead donkey!" the farmer said."Sure I can. Watch me. I just won't tell anybody he is dead."A month later the farmer met up with Kenny and asked, "What happened with that dead donkey?"Kenny said, "I raffled him off. I sold 500 tickets at two dollars apiece and made a profit of $898.00." "Didn't anyone complain?" "Just the guy who won. So I gave him his two dollars back."
Very cool design! Useful information. Go on!
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Posted by
Anonymous |
4:20 PM