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FINANCIAL REPORTING AND ACCOUNTING BLOG

First, Red has nothing to do with my hair color. Some of you are of course nodding and saying that given that it's going gray and mostly not there, that's a good thing. Seriously, the red piece goes back to my last job. Until March of 2000, I was the junior partner in a company called United Systems Consultants. That company, along with 8 others, was purchased by netASPx in March of 2000. At netASPx (pronounced net aspects), I essentially fixed problems for the CEO, John Whiteside. I think the title was Director of Strategic Projects. John referred to me as Red Adair. I didn't know who Red Adair was. Turns out, he was an oil well firefighter as well as the subject of a John Wayne movie. That gives you an idea of the kind of projects I had. As for three, I've worked on a wide variety of projects in...

Apologies to those who like Scottish folk songs. My bonnie makes hundreds of entries My bonnie runs lots of reports My bonnie is ready to jump now. The company announced a reorg. Restate, restate, restate the earnings, again, again. Faster, faster, I need those numbers by 10. This little ditty always amuses finance people. Maybe they need to get out more. In any case, I'm clearly not the only one who suffers from requests for ?just small changes? to reports. Changes which need to be done yesterday if not sooner. Changes which ignore the rigid structures that seemed to make so much sense just yesterday. I'm not complaining. Writing reports, financial and otherwise, is a large source of revenue for my firm. But it strikes me over and over again that no matter how hard people labor over setting up their new software their design is often out of date within months. Indeed, the more complicated their coding...