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Subject: re: XBRL - an XML description of descriptions
Message text written by Todd Boyle >Why do CPAs allow businesses to create great ambiguity in their accounting systems, <<<<<<<<<<<< Todd, As a Physicist by training I've alway viewed accounting as columns of simple arithmetic obscured by the use of arcane and deliberately misleading terminology. Payments become debits and receipts become credits! Of course this is the art of fine consulting - take something initutively obvious - invent a whole new set of terminology for it - and sell it back to the owners for some vastly inflated fee. Then of course the government enters the fray, and now tax avoidance is a major objective, and the less able anyone is to figure out what you actually may owe there, the better! Computers can help this situation by obscuring things faster and in even more complicated and untraceable ways. Viva the status quo. DW.
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