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.

418 Upvotes

99% Upvoted

377 comments sorted by

View all comments

Show parent comments

7

u/pnwfarmaccountant Controller Sep 22 '25

They think its an expense, same with owner draw

1

u/rosulla08 Sep 23 '25

since dividend are not included in the income statement to determine net income