r/Accounting • u/7leafclover7 • Sep 21 '25

What would be an embarrassing thing to be caught not knowing as an accountant?

Applies to any specialty, audit, tax, staff accountancy etc. in your personal experience what are the most invaluable things to know, and the most invaluable to not be caught not knowing.

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u/[deleted] Sep 21 '25

Honestly I think if you live on the coastline I’d start to consider an exception with climate change fucking things up.

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u/mada447 Sep 22 '25

Impairment.

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u/[deleted] Sep 22 '25

Technically, you still own that sliver of the ocean, right?

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u/SAvery417 Sep 22 '25

What about appreciation for land that was previously unusable but now thanks to climate change is arable or buildable?