[SML] Vacuform machine

[Phil Haney]

A part of it is GAAP* and what puts or keeps the most money in the
company's pocket. But another (possibly bigger) part of it is that often
the higher-ups have their own agenda...

*Generally Accepted Accounting Practices. I took an accounting class once,
and considered purchasing a copy of the book (GAAP), until I saw the price.
I'll go back to the National Electrical Code, thanks...

-Phil

"Quini, quidi, quici" - I came, I saw, I played a little quidditch.



On Thu, Apr 30, 2015 at 3:26 PM, e-mail frank.wood95 via Stagecraft <
stagecraft at theatrical.net> wrote:

> The financial procedures of some outfits are beyond belief. I have
> worked for two which allocated a budget to particular departments. If
> you hadn't spent it by the end of the financial year, you lost it. You
> couldn't carry it forward. Naturally, this led to a big peakin
> spending just before they ran out.
>
> After fifteen years, I convinced the theatre I worked in to establish
> a procedure for carrying surpluses forward, so that we could save up
> for major renewals, such as the lighting board.
>
> Accountants seem to have a different mind-set from normal people. I
> know that my car is not immortal, so I accumulate funds, in an
> interest earning account, for its replacement. Bean-counters don't
> seem to understand this.
>
> On 30 April 2015 at 20:13, Joe D via Stagecraft
> <stagecraft at theatrical.net> wrote:
> > A company I worked for designed and built a machine worth many thousands
> of dollars. The company decided it was no longer going to be needed, before
> it was even finished. It could not be sold because of its proprietary
> nature. But what puzzled me is that because they wanted to take some sort
> of tax loss, they could not even donate parts, like actuators, to a
> university.  These sorts of components would be worth tens of thousands of
> dollars.  But, they all had to be fully destroyed.
> >
> > Joe Dunfee
> > jdunfee12 at yahoo.com
> >
> >
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>
>
> --
> Frank Wood
>
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