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