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Posts Tagged ‘Thanksgiving’

Although officially called Thanksgiving Day in the USA, many call it Turkey Day. Ever wonder why?

I have many fond childhood memories of Thanksgiving in Iowa.  It was always spent with Mom’s side of the family.  Each year there was always a huge turkey and many pumpkin pies to eat.   There were so many pies, we kids were allowed to cut our own slices, as large as we wanted.  And Aunt Bessie’s whipped cream was the absolute best.

Thanksgiving feasts have changed quite a bit since then.  In America they are all standardized.  How so?  They all start at the same time–halftime.  And now we have space turkeys who go “Hubble, hubble, hubble.”

Ever wonder why a turkey is called a turkey?  Mignon Forgarty, the Grammar Girl, has the answer.  It turns out we should call it a Mexico.

One of my favorite TV shows was The Smothers Brothers.  Regular Jim Stafford always had a funny song for Thanksgiving.  Hope you enjoy.

Debit and credit – – David Albrecht

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Thanksgiving

I’m an accounting professor in America, so I celebrate Thanksgiving on the fourth Thursday in November.

In earlier times, human societies celebrated at the conclusion of a harvest.  Economies have evolved from agricultural to manufacturing to service to information, so most of us have no direct connection to a harvest, anymore.  But in my part of the world, Thanksgiving is still celebrated by all.

For accountants, the inventory count is wrapping up.  We can scan the ledger for the past year, looking over the the journal entries of events both large and small.  For many of us assets still exceed liabilities.

I’m thankful for my family.  It carries the largest value on the asset side of my personal balance sheet.  Even accounting nerds can have them, and my family is wonderful.

I’m thankful for my career as an accounting professor.  After teaching more than 10,000 students, my retained earnings figure is the largest it’s ever been.

And I’m thankful for The Summa and its readers.  You magnify my comprehensive income.

Debit and credit – – David Albrecht

 

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